$OCEAN /USDT

The attached 4-hour chart from Binance shows notable activity in the trading pair. After hitting a low of 0.4754, the price saw a substantial upward movement, peaking at 0.6961. This bullish rally is characterized by a series of higher highs and higher lows, indicating strong buying pressure.

Currently, the price has retraced to 0.6492, encountering resistance near the Moving Average (MA) levels. The MA(7) is at 0.6595, MA(25) at 0.5819, and MA(99) at 0.7048. These moving averages act as dynamic support and resistance levels. Specifically, the MA(99) at 0.7048 aligns closely with the recent peak of 0.6961, suggesting this area could be a significant resistance zone.

Trading volume has shown a consistent increase during the uptrend, with a peak volume observed on June 19, indicating strong interest from buyers. However, the current consolidation near the resistance level suggests that the market is testing this price zone, and a breakout above could signal further bullish momentum.

In summary, the key resistance levels to watch are at 0.6961 and 0.7048 (MA99). A successful break above these levels with strong volume could propel the price higher, while failure to do so might lead to a correction or consolidation around the current levels. Traders should keep an eye on these critical points to make informed decisions.#BNBHODLer #Megadrop #BinanceTournament #CertiKvsKraken #AirdropGuide