$CT ｜A Listing Catalyst, but Buyers Haven’t Followed Through?
Concrete (CT) was listed on South Korea’s Upbit on 10/19. Its price briefly surged to around $0.44, but selling pressure quickly erased the gains, and it has now returned to around $0.31.
The news certainly generated buzz, but the price failed to hold on to its gains. In particular, the rebound has consistently failed to reclaim the overhead resistance zone, suggesting that short-term buying activity remains weak.
My outlook for $CT is currently bearish, with a focus on the following levels:
* Support: $0.300–$0.305
* Resistance: $0.330–$0.345
* Bearish outlook confirmed: A daily close below $0.300, with the rebound still unable to recover that level
* Potential downside target: $0.286–$0.290
* Bearish outlook invalidated: A sustained move back above $0.345 on the daily chart could give the short-term structure a chance to strengthen
Also, CT’s current circulating supply is about 19% of its maximum supply, so future changes in token supply are worth monitoring.
The most important thing to watch in this listing rally isn’t how much the price rose on the day, but how many buyers are still willing to stick around after the positive news.
#CT #Concrete #Cryptocurrency #Crypto
【Investment Disclaimer】This article is for informational and market research purposes only. It does not constitute investment, financial, or trading advice, nor does it guarantee any returns. Crypto assets are highly volatile and you could lose your entire principal. Please do your own research and assume the risks.
Concrete (CT) was listed on South Korea’s Upbit on 10/19. Its price briefly surged to around $0.44, but selling pressure quickly erased the gains, and it has now returned to around $0.31.
The news certainly generated buzz, but the price failed to hold on to its gains. In particular, the rebound has consistently failed to reclaim the overhead resistance zone, suggesting that short-term buying activity remains weak.
My outlook for $CT is currently bearish, with a focus on the following levels:
* Support: $0.300–$0.305
* Resistance: $0.330–$0.345
* Bearish outlook confirmed: A daily close below $0.300, with the rebound still unable to recover that level
* Potential downside target: $0.286–$0.290
* Bearish outlook invalidated: A sustained move back above $0.345 on the daily chart could give the short-term structure a chance to strengthen
Also, CT’s current circulating supply is about 19% of its maximum supply, so future changes in token supply are worth monitoring.
The most important thing to watch in this listing rally isn’t how much the price rose on the day, but how many buyers are still willing to stick around after the positive news.
#CT #Concrete #Cryptocurrency #Crypto
【Investment Disclaimer】This article is for informational and market research purposes only. It does not constitute investment, financial, or trading advice, nor does it guarantee any returns. Crypto assets are highly volatile and you could lose your entire principal. Please do your own research and assume the risks.