$GENIUS fell from a peak of $0.3483 to a low of $0.2704 in just a few hours, and is now fluctuating around $0.30.
The 15:00 and 16:00 UTC candles had more than 13 times the volume of the previous 20 candles, far exceeding every other candle that day. After the drop, the price bounced back to $0.3218 before falling to near $0.30, ending the day below both the EMA9 and WMA45.
The 4-hour RSI is down to 32, indicating that selling pressure remains dominant even after the rebound. The nearest support is at $0.2984, which was tested six times today; if this level breaks, the price could fall further toward $0.296.
$GENIUS has been listed on Binance for just 147 days, carries a Seed label, and is highly volatile, with thinner liquidity than longer-established coins.
Personal observation, not investment advice
#CPIWatch #TinFed #GENIUS
The 15:00 and 16:00 UTC candles had more than 13 times the volume of the previous 20 candles, far exceeding every other candle that day. After the drop, the price bounced back to $0.3218 before falling to near $0.30, ending the day below both the EMA9 and WMA45.
The 4-hour RSI is down to 32, indicating that selling pressure remains dominant even after the rebound. The nearest support is at $0.2984, which was tested six times today; if this level breaks, the price could fall further toward $0.296.
$GENIUS has been listed on Binance for just 147 days, carries a Seed label, and is highly volatile, with thinner liquidity than longer-established coins.
Personal observation, not investment advice
#CPIWatch #TinFed #GENIUS