CAP/USDT is showing some serious strength today, up over 38% and currently trading around $0.10516.
Looking at the 4-hour chart, the breakout is backed by a massive surge in trading volume, with the 24-hour volume hitting 1.64B CAP. The price easily cleared the short-term moving averages, and they are now curling up to act as a solid support zone.
We briefly touched a high of $0.11172, and right now the market is consolidating just below it. If the buyers can hold the price above the $0.100 psychological level, we might see another push toward new highs soon. However, after such a sharp rally, keeping an eye on a healthy retest of the support levels is also a smart move.
What are your thoughts on this move? Are you chasing the momentum or waiting for a pullback?
#CAPUSDT #Crypto #Trading #TechnicalAnalysis #BinanceSquare
$CAP
Looking at the 4-hour chart, the breakout is backed by a massive surge in trading volume, with the 24-hour volume hitting 1.64B CAP. The price easily cleared the short-term moving averages, and they are now curling up to act as a solid support zone.
We briefly touched a high of $0.11172, and right now the market is consolidating just below it. If the buyers can hold the price above the $0.100 psychological level, we might see another push toward new highs soon. However, after such a sharp rally, keeping an eye on a healthy retest of the support levels is also a smart move.
What are your thoughts on this move? Are you chasing the momentum or waiting for a pullback?
#CAPUSDT #Crypto #Trading #TechnicalAnalysis #BinanceSquare
$CAP
