🔬$2Z Consolidating: The Calm Before the DePIN Storm?
Hello, Binance Square community! 🤝
After the sharp rise and the subsequent healthy correction, 2Z/USDC has now entered a consolidation phase. The latest charts show stable sideways movement around the 0.126 level. This quiet phase is extremely crucial for sustainable growth!
🧐 What Does Technical Analysis Tell Us?
Stability: The strongest bullish signal remains intact – we are holding clearly above the MA(99) (0.12060 in the latest chart). This confirms that the medium-term trend for large players is still upward.
Short-Term Resistance: The price is attempting to break through the short-term Moving Averages (MA(7) and MA(25) in the $0.128 – 0.130 zone). A convincing close above 0.130 will signal the end of consolidation and the start of a new bullish move.
A Desirable Phase: Consolidation allows the market to cool down, attracts new buyers, and builds the necessary energy to convincingly break the previous high of 0.15235.
💡 Focus on Fundamentals (The Power of DePIN)
In this stable phase, we must remind ourselves why we are here: $2Z is DoubleZero, a fundamentally strong project aiming to become the backbone of Web3 infrastructure.
Patience is key right now! Consolidation is the foundation being built for the next flight. We simply need to await an increase in trading volume to break this sideways trend and push us back toward the key resistance levels.
Keep an eye on the 0.130 level! What happens if we break it today?
