Around September 10, $CYS 8 Upbit listed CYS/USDT and CYS/BTC, which was the main driver. Combined with the ZK/AI computing narrative and a low-float supply mechanism, it triggered a rapid rally from about $0.28–$0.3 up to an ATH of around $1.76–$1.82 (around August 15). Afterwards, a sharp pullback occurred due to profit-taking, leverage liquidations, and market adjustments.
Technically, this is a deep pullback following a big surge, plus a phase of short-term rebound attempts. A new uptrend has not yet been confirmed. In this oversold rebound/consolidation stage (price roughly $0.55–$0.59), I am watching to see whether a higher low will form.
If it can hold firmly above $0.58–$0.60 and break out with increased volume, there may be repair upside toward $0.70+. If it loses $0.50 again, it will remain weak.
Resistance: $0.65–$0.75 (prior period heavy trading/withdrawal levels). Further targets: $0.85–$1.00.
Support: $0.50–$0.52 (recent lows and the horizontal line). If support breaks, it could test $0.40–$0.45 and even lower to build a deeper accumulation zone. $CYS
Technically, this is a deep pullback following a big surge, plus a phase of short-term rebound attempts. A new uptrend has not yet been confirmed. In this oversold rebound/consolidation stage (price roughly $0.55–$0.59), I am watching to see whether a higher low will form.
If it can hold firmly above $0.58–$0.60 and break out with increased volume, there may be repair upside toward $0.70+. If it loses $0.50 again, it will remain weak.
Resistance: $0.65–$0.75 (prior period heavy trading/withdrawal levels). Further targets: $0.85–$1.00.
Support: $0.50–$0.52 (recent lows and the horizontal line). If support breaks, it could test $0.40–$0.45 and even lower to build a deeper accumulation zone. $CYS