$USUAL
Hereโs a quick technical breakdown ๐:
Observations:
Trend: The coin had a strong bullish run-up, peaking at $0.8977, followed by a correction (pullback) to $0.5858. Classic pump-and-dump vibes? ๐ค
Volume: There's been high volume on the spike, indicating heavy interest but also a lot of selling pressure at the top.
MA (Moving Averages):
MA(5) at $117M: Short-term sentiment is still leaning bullish despite the dip.
MA(10) at $98M: The mid-term moving average shows some stability.
Signals:
Bullish case:
If it holds support around $0.5858 (today's low), it might bounce and retest $0.70 or even higher.
Look out for a breakout above $0.62 to confirm bullish momentum ๐.
Bearish case:
Losing the $0.58 support could push it further down to $0.50 or even lower ๐จ.
Follow me for more๐
Hereโs a quick technical breakdown ๐:
Observations:
Trend: The coin had a strong bullish run-up, peaking at $0.8977, followed by a correction (pullback) to $0.5858. Classic pump-and-dump vibes? ๐ค
Volume: There's been high volume on the spike, indicating heavy interest but also a lot of selling pressure at the top.
MA (Moving Averages):
MA(5) at $117M: Short-term sentiment is still leaning bullish despite the dip.
MA(10) at $98M: The mid-term moving average shows some stability.
Signals:
Bullish case:
If it holds support around $0.5858 (today's low), it might bounce and retest $0.70 or even higher.
Look out for a breakout above $0.62 to confirm bullish momentum ๐.
Bearish case:
Losing the $0.58 support could push it further down to $0.50 or even lower ๐จ.
Follow me for more๐