CYS PLUNGES THROUGH KEY SUPPORT 😧📉
A breach of the $0.185 order block on the 4‑hour chart ignited a wave of sell‑side pressure that pulled
$CYS down 15.3% in the last 24 hours 😧. Volume spiked to $23 M, indicating that institutional‑scale distribution is overwhelming the remaining retail buying, while the MACD histogram turned sharply negative and RSI slid beneath 35, confirming accelerating bearish momentum 📉.
The price is now testing the $0.17316 support zone, a level that has held during previous pullbacks but showed cracks as the 1‑hour low breached $0.1725. This suggests the move may be more than a healthy correction; the underlying structure is eroding, and the order flow is targeting deeper liquidity pools ⚠️. If the support collapses, the next downside corridor aligns with the $0.158‑$0.152 band observed on the daily chart.
Should
$CYS manage to hold above the $0.1732 floor, the $0.19395 mid‑range area could act as a modest rebound target, while a clean bounce might re‑establish the $0.2145 resistance as a short‑term ceiling.
Levels to monitor:
Watching support around $0.1732
Structure suggests resistance near $0.2145
Mid range area: $0.1939
DYOR
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