$GRIFFAIN USDT Perpetual Market Structure Shows Short-Term Stabilization Amid Broader Downtrend
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#GRIFFAIN USDT perpetual pair is currently trading near 0.01092, reflecting a phase of short-term stabilization after recent volatility. On the 1-hour timeframe, price action shows recovery from the intraday low around 0.01037, indicating the presence of buyers defending this demand zone. However, the broader structure still leans bearish, as the asset remains below the longer-term moving averages, particularly the MA(99) near 0.01125, which continues to act as a dynamic resistance and trend-defining level.
Short-term moving averages such as MA(7) and MA(25) are tightly clustered around the current price, signaling consolidation and indecision in the market. This compression often precedes an impulsive move, but direction confirmation is still lacking. The recent spike toward 0.01158 was sharply rejected, suggesting strong sell pressure at higher levels and reinforcing the importance of this area as a key resistance zone.
Volume data shows healthy participation over the past 24 hours, which supports the validity of recent price swings. Despite a modest daily decline, the broader performance metrics reveal significant weakness over longer periods, highlighting that the asset is still in a corrective phase within a larger downtrend. For bullish continuation, a sustained break and hold above 0.01130–0.01160 would be required, ideally supported by increasing volume. Conversely, failure to maintain above 0.01060 could expose the price to a retest of the 0.01030–0.01000 support range, where market reaction will be critical for determining the next directional move.
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