$4 is coiling into a classic setup — rising support meeting flat resistance, and the squeeze is getting tighter 👀
$4 has been building an ascending triangle since the August 30 breakout that took it from 0.011 to a 0.0197 spike on the 5th. Since then it's been consolidating, with resistance sitting flat near 0.0205–0.0207 while support has been climbing steadily off the 0.0130 zone.
Key levels:
RES: 0.0205–0.0207 — capped every push since Sep 5, including the 50 EMA rejection on the 9th
Current: 0.01925 — just reclaimed the 50 EMA after the Sep 10 flush to 0.0176
SUP: rising trendline, now tracking near 0.0175–0.0180 — the level that keeps the triangle intact
200 EMA: 0.0158 — the deeper floor if the trendline breaks
My read: price has been squeezed into a tighter and tighter range for over a week, and the 50 EMA reclaim right off the rising trendline is the first real sign buyers are trying again. A clean close above 0.0207 opens room back toward the 0.0240–0.0250 area.
Losing the trendline near 0.0175 puts the whole structure at risk and drops this back toward 0.0158.
$4 has been building an ascending triangle since the August 30 breakout that took it from 0.011 to a 0.0197 spike on the 5th. Since then it's been consolidating, with resistance sitting flat near 0.0205–0.0207 while support has been climbing steadily off the 0.0130 zone.
Key levels:
RES: 0.0205–0.0207 — capped every push since Sep 5, including the 50 EMA rejection on the 9th
Current: 0.01925 — just reclaimed the 50 EMA after the Sep 10 flush to 0.0176
SUP: rising trendline, now tracking near 0.0175–0.0180 — the level that keeps the triangle intact
200 EMA: 0.0158 — the deeper floor if the trendline breaks
My read: price has been squeezed into a tighter and tighter range for over a week, and the 50 EMA reclaim right off the rising trendline is the first real sign buyers are trying again. A clean close above 0.0207 opens room back toward the 0.0240–0.0250 area.
Losing the trendline near 0.0175 puts the whole structure at risk and drops this back toward 0.0158.
