$SNDKB , the market hasn’t been moving much today.
Current price around 1790
24h slightly rebounded by about 1.5%, with weak volume
Analysis:
The stretch from the high at 1780 to 1790 has been pretty hard to push through, like climbing a small hill and needing to stop for a couple of breaths. The move up from the open at 1763 wasn’t bad, but volume didn’t follow, which means not many people are joining in. Honestly, this level looks more like sideways grinding, with short-term traders coming and going, and no clear sign of anyone determined to push it higher. The 1760 low is still holding fairly well, but if the overhead resistance keeps failing to break, sentiment can easily fade. In short, it mainly depends on whether it can keep building momentum on its own; with only this much volume, don’t expect it to shoot to the moon in one step.
Should we keep watching it or go do something else first?
Current price around 1790
24h slightly rebounded by about 1.5%, with weak volume
Analysis:
The stretch from the high at 1780 to 1790 has been pretty hard to push through, like climbing a small hill and needing to stop for a couple of breaths. The move up from the open at 1763 wasn’t bad, but volume didn’t follow, which means not many people are joining in. Honestly, this level looks more like sideways grinding, with short-term traders coming and going, and no clear sign of anyone determined to push it higher. The 1760 low is still holding fairly well, but if the overhead resistance keeps failing to break, sentiment can easily fade. In short, it mainly depends on whether it can keep building momentum on its own; with only this much volume, don’t expect it to shoot to the moon in one step.
Should we keep watching it or go do something else first?
