$龙虾 With a near 76% push in the day, the rally lifted the price from 0.03086 to 0.09474; the upward momentum is now showing signs of tiring around the 0.0934 level. After topping out, the price hasn’t broken through immediately—instead, it has started to chop around with small candles.
On the shorter timeframe, volume has dropped sharply compared to when the strong surge happened. The buying side hasn’t fully withdrawn, but it no longer has the same strength as before, making the rally noticeably slow down. Looking at the 1H chart, the price has also already moved quite far from the old base.
At this point, if fresh money continues to flow in, the price may have a window to return and retest the highs. Conversely, if liquidity keeps weakening, a corrective pullback could appear in order to find a new equilibrium. The key now isn’t whether the move is fast or slow, but whether the inflow is strong enough to keep the price holding steady above this high zone.
$$龙虾
On the shorter timeframe, volume has dropped sharply compared to when the strong surge happened. The buying side hasn’t fully withdrawn, but it no longer has the same strength as before, making the rally noticeably slow down. Looking at the 1H chart, the price has also already moved quite far from the old base.
At this point, if fresh money continues to flow in, the price may have a window to return and retest the highs. Conversely, if liquidity keeps weakening, a corrective pullback could appear in order to find a new equilibrium. The key now isn’t whether the move is fast or slow, but whether the inflow is strong enough to keep the price holding steady above this high zone.
$$龙虾
