$BTR
$BMT
$ONG
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Analysis BTR/USDT - Parabolic Breakout to $0.15420 with a 334% Surge
Bitlayer is seeing a historic parabolic move. BTR/USDT is trading at $0.14431, up 334.28% today. The 24-hour range is at the highest point of $0.15420 and the lowest point of $0.03272, with volume of 274.27 million BTR and turnover of $25.95 million. BTRUSDT Perp is at $0.14377, up 332.91%. The token ranks #1 in gainers and trend #5 in DeFi.
The 4-hour chart shows flat accumulation for months between $0.02031 and $0.025 from August 9 to August 24, followed by a vertical breakout in the last 24 hours. Price moved from $0.03 to $0.15420, a more than 5x gain in a single day. The current candle at $0.14431 is consolidating just below the high level after a series of 5 consecutive green candles with no wicks, indicating extreme buying pressure.
Support and Resistance Zones
Support Zone:
1. Zone $0.11159 - Immediate Support: EMA5 at $0.11159 is the first dynamic support. This level is 22% below the current price. In a parabolic move, EMA5 is the only important intraday support. 2. Zone $0.08464 - Strong Support: EMA10 at $0.08464. This level is the acceleration point for the breakout. A drop to this level would be a 41% correction, but the trend remains bullish. 3. Zone $0.05285 - $0.04708 - Main Trend Support: EMA30 at $0.05285. This is the line between the parabolic trend and trend reversal. This zone became resistance for two weeks and now is the main support. Below this level, the move will be considered a fakeout. 4. Zone $0.03272 - 24-Hour Low: The lowest level on the day before the breakout. This level must not be breached on a daily close.
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$BMT
$ONG
.
Analysis BTR/USDT - Parabolic Breakout to $0.15420 with a 334% Surge
Bitlayer is seeing a historic parabolic move. BTR/USDT is trading at $0.14431, up 334.28% today. The 24-hour range is at the highest point of $0.15420 and the lowest point of $0.03272, with volume of 274.27 million BTR and turnover of $25.95 million. BTRUSDT Perp is at $0.14377, up 332.91%. The token ranks #1 in gainers and trend #5 in DeFi.
The 4-hour chart shows flat accumulation for months between $0.02031 and $0.025 from August 9 to August 24, followed by a vertical breakout in the last 24 hours. Price moved from $0.03 to $0.15420, a more than 5x gain in a single day. The current candle at $0.14431 is consolidating just below the high level after a series of 5 consecutive green candles with no wicks, indicating extreme buying pressure.
Support and Resistance Zones
Support Zone:
1. Zone $0.11159 - Immediate Support: EMA5 at $0.11159 is the first dynamic support. This level is 22% below the current price. In a parabolic move, EMA5 is the only important intraday support. 2. Zone $0.08464 - Strong Support: EMA10 at $0.08464. This level is the acceleration point for the breakout. A drop to this level would be a 41% correction, but the trend remains bullish. 3. Zone $0.05285 - $0.04708 - Main Trend Support: EMA30 at $0.05285. This is the line between the parabolic trend and trend reversal. This zone became resistance for two weeks and now is the main support. Below this level, the move will be considered a fakeout. 4. Zone $0.03272 - 24-Hour Low: The lowest level on the day before the breakout. This level must not be breached on a daily close.
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