$CROSS is showing an interesting setup on the 4H chart after a very volatile move over the past few days.
Price had been building a steady recovery from the $0.07 area, gradually forming higher lows and eventually pushing above $0.10. Then came the huge spike toward $0.15, followed by a sharp rejection that brought price back down quickly.
Right now, CROSS is trading around $0.096, and the key area I’m watching is the $0.08–$0.082 support zone marked on the chart. If price pulls back into this area and buyers defend it, we could see another attempt to reclaim $0.10 and potentially move toward $0.11–$0.12.
The interesting part is that the recent volatility has not completely destroyed the broader recovery structure yet. However, CROSS needs to hold its important support levels for the bullish idea to remain valid.
I wouldn’t chase the current price after such a violent move. Personally,
I’d rather watch how price reacts around the support zone and look for confirmation from buyers before expecting another push higher. #Macro Insights# #DeFi #MarketAnalysis
Price had been building a steady recovery from the $0.07 area, gradually forming higher lows and eventually pushing above $0.10. Then came the huge spike toward $0.15, followed by a sharp rejection that brought price back down quickly.
Right now, CROSS is trading around $0.096, and the key area I’m watching is the $0.08–$0.082 support zone marked on the chart. If price pulls back into this area and buyers defend it, we could see another attempt to reclaim $0.10 and potentially move toward $0.11–$0.12.
The interesting part is that the recent volatility has not completely destroyed the broader recovery structure yet. However, CROSS needs to hold its important support levels for the bullish idea to remain valid.
I wouldn’t chase the current price after such a violent move. Personally,
I’d rather watch how price reacts around the support zone and look for confirmation from buyers before expecting another push higher. #Macro Insights# #DeFi #MarketAnalysis