44 measured touches sit at 0.1651. That is where $MMT is decided.
Price is down 13.8% in 24 hours and parked at 7.3% of its hourly range — the floor of the move, not the middle. The 1h and 4h EMA stacks are both bearish and RSI reads 33 on both: pressure, not capitulation.
0.1651 is the line. 44 hourly touches, with a deeper shelf at 0.15543 tested 52 times. Lose 0.1651 and that second shelf is the next real bid. Reclaim 0.171 — 34 touches — and the bearish read is invalidated.
The part most people miss: this leg down came on 0.09x average hourly volume. Almost nobody is selling here. The damage was already done — the daily candle carried 2.54x volume. What you are watching now is the absence of bids, not fresh distribution.
Against the majors, $BTC and $SOL are not doing this. It is a coin-specific bleed, not a market event.
Does 0.1651 hold on volume that thin, or does thin volume make it easier to break?
#MarketSentimentToday #WhaleMovements
Analysis, not financial advice.
Price is down 13.8% in 24 hours and parked at 7.3% of its hourly range — the floor of the move, not the middle. The 1h and 4h EMA stacks are both bearish and RSI reads 33 on both: pressure, not capitulation.
0.1651 is the line. 44 hourly touches, with a deeper shelf at 0.15543 tested 52 times. Lose 0.1651 and that second shelf is the next real bid. Reclaim 0.171 — 34 touches — and the bearish read is invalidated.
The part most people miss: this leg down came on 0.09x average hourly volume. Almost nobody is selling here. The damage was already done — the daily candle carried 2.54x volume. What you are watching now is the absence of bids, not fresh distribution.
Against the majors, $BTC and $SOL are not doing this. It is a coin-specific bleed, not a market event.
Does 0.1651 hold on volume that thin, or does thin volume make it easier to break?
#MarketSentimentToday #WhaleMovements
Analysis, not financial advice.