$CT
It made an extreme pump-and-dump move: first surging instantly to 0.435, then getting hammered all the way back to 0.30. It’s now around 0.313, down 17.87% in 24 hours.
The moving averages have completely broken down, and the price has fallen below all short-term support levels. After a death cross at a high level, the MACD histogram has just turned green, showing that bullish momentum has been completely exhausted.
Resistance is around 0.33–0.34, the area where the previous decline paused. Support is today’s low at 0.30, with the previous bottom at 0.284 below that.
The market action for this coin has been wrecked by manipulative whales—it’s all sentiment and sharp wicks, and technical analysis has basically stopped working. You could take a small long position near 0.30 and bet on a bounce, with a stop-loss at 0.285 and a target of 0.33. But if it breaks below 0.30 on heavy volume, don’t catch the falling knife; that would mean it’s likely to test lower levels.
It made an extreme pump-and-dump move: first surging instantly to 0.435, then getting hammered all the way back to 0.30. It’s now around 0.313, down 17.87% in 24 hours.
The moving averages have completely broken down, and the price has fallen below all short-term support levels. After a death cross at a high level, the MACD histogram has just turned green, showing that bullish momentum has been completely exhausted.
Resistance is around 0.33–0.34, the area where the previous decline paused. Support is today’s low at 0.30, with the previous bottom at 0.284 below that.
The market action for this coin has been wrecked by manipulative whales—it’s all sentiment and sharp wicks, and technical analysis has basically stopped working. You could take a small long position near 0.30 and bet on a bounce, with a stop-loss at 0.285 and a target of 0.33. But if it breaks below 0.30 on heavy volume, don’t catch the falling knife; that would mean it’s likely to test lower levels.