$KORUB This move broke straight through the $7.50 psychological support level. Intraday, the price plunged from a high of $10.73 to $7.01 and closed at $7.24, down 31.18%—a classic panic-selling pattern. Trading volume: $AAPLB
Two key levels to watch: $8.00 above is the area where today’s plunge began and the short-term bull-bear dividing line. If the price can’t reclaim it, any bounce is weak. Below, $7.00 is both the 24-hour low and a round-number level. A high-volume break below it would put the next target near $6.50. KORU is now stuck between $7.01-$AAPLB
Looking at the news, tech stocks are leading the decline, concerns over data center restrictions are mounting, and Oracle has plunged. Risk appetite is contracting across the board. As a large-cap mainstream coin, KORU’s tendency to follow the market down but not up was on full display today. A 31% single-day drop is extreme for a mainstream coin. A short-term oversold bounce may be due, but its strength is uncertain. Below $8.00, the bears remain in control.
My view: bearish. If the bounce fails to get past $8.00, that’s a chance to get out; a break below $7.00 would open up more downside. I wouldn’t chase shorts, but I wouldn’t catch a falling knife either. I’d wait and see if a low-volume doji forms near $7.00. Worth watching.
See you in the comments ��
Two key levels to watch: $8.00 above is the area where today’s plunge began and the short-term bull-bear dividing line. If the price can’t reclaim it, any bounce is weak. Below, $7.00 is both the 24-hour low and a round-number level. A high-volume break below it would put the next target near $6.50. KORU is now stuck between $7.01-$AAPLB
Looking at the news, tech stocks are leading the decline, concerns over data center restrictions are mounting, and Oracle has plunged. Risk appetite is contracting across the board. As a large-cap mainstream coin, KORU’s tendency to follow the market down but not up was on full display today. A 31% single-day drop is extreme for a mainstream coin. A short-term oversold bounce may be due, but its strength is uncertain. Below $8.00, the bears remain in control.
My view: bearish. If the bounce fails to get past $8.00, that’s a chance to get out; a break below $7.00 would open up more downside. I wouldn’t chase shorts, but I wouldn’t catch a falling knife either. I’d wait and see if a low-volume doji forms near $7.00. Worth watching.
See you in the comments ��
