AGT flashes green, but the price won’t budge! Alaya ($AGT ) stalls at the $0.08 mark as institutions publicly call for a drop to $0.048?
Alaya (AGT) is still showing a 24.82% gain at $0.078586, but the price is struggling to move higher after reaching yesterday’s high of $0.0800.
Market facts:
1. Bears clash: Recent sharp volatility has come with a surge in trading volume, and analysis articles have publicly set a downside target of $0.0480;
2. Momentum fades: The aftereffects of the buying frenzy on unlock day are still being felt, but there is no new supply- or demand-side fundamental support today.
Conclusion: The $0.0800 level has become a major near-term resistance zone. A break below yesterday’s pullback zone of $0.0600 would signal that this rally to the highs has completely failed. Don’t blindly try to catch a falling knife.
#AGT #Alaya #BearishClash #山寨币
$AGT
Alaya (AGT) is still showing a 24.82% gain at $0.078586, but the price is struggling to move higher after reaching yesterday’s high of $0.0800.
Market facts:
1. Bears clash: Recent sharp volatility has come with a surge in trading volume, and analysis articles have publicly set a downside target of $0.0480;
2. Momentum fades: The aftereffects of the buying frenzy on unlock day are still being felt, but there is no new supply- or demand-side fundamental support today.
Conclusion: The $0.0800 level has become a major near-term resistance zone. A break below yesterday’s pullback zone of $0.0600 would signal that this rally to the highs has completely failed. Don’t blindly try to catch a falling knife.
#AGT #Alaya #BearishClash #山寨币
$AGT