MDB PLUNGES THROUGH KEY SUPPORT 📉⚡️
$MDB shattered the $358.9350 mid‑range order block early in the afternoon, sending the price down to $329.12 and carving a fresh 20.58% 24‑hour loss 📉. Futures order books turned sharply net‑sell, a classic momentum accelerator that erased the previous bullish micro‑structure. The macro alt‑coin accumulation flow has flipped to net outflows, draining liquidity from the market. At the same time, price breached the $302.5050 support cluster, now hovering just above that line, testing the integrity of the lower boundary ⚡️.
The descent appears more structural than a routine correction; the daily low of $301.00 sits below the current price, indicating that the $302.5 zone is now a fragile pivot point. If buying pressure can absorb sell orders, a short‑term rebound toward the $358.94 mid‑range may emerge, but any failure to hold the support will likely trigger a cascade toward the $295‑$285 band, where volume has historically accumulated 📊.
Levels to monitor:
Watching support around $302.50
Structure suggests resistance near $414.78
Mid range area: $358.94
DYOR
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