The chart shows that the pair $SUPER / $USDT has experienced a strong rise of more than 26% within 24 hours, with the price reaching the $0.1279 level.
This move combines strong technical analysis factors with liquidity movements:
Technical and analytical factors:
Strong technical breakout: Today’s bullish candle broke through previous resistance levels and moving averages (MA7, MA25, and MA99) on the 4-hour and daily timeframes, shifting momentum in favor of buyers (Bullish Momentum).
Sharp increase in trading volume (Volume Spike): The daily trading volume rose to more than 65.99 million SUPER coins (equivalent to $8.17 million), indicating the inflow of new liquidity or intensive accumulation operations.
Rebound from the bottom: The coin recently formed a secret low at the $0.0797 level, followed by strong buying activity at this support area to take advantage of the lower price.
Market factors and cryptocurrencies:
Momentum in the Gaming & NFT sector: A recovery or rebound in coins linked to the gaming and NFTs sector often quickly drives SuperVerse to react positively.
Higher risk appetite (Risk-on Sentiment): Liquidity moving toward mid- and small-cap cryptocurrencies (Altcoins) fuels fast rallies over short periods.
#nft #GamingCoins #Binance #BinanceSquare