Taking a quick analytical review at $DIA before I go over to $HYPE
DIA is back around the $0.12–$0.13 region, an important area to watch after months of downside.
i’m not calling this a confirmed bottom yet. the first real test for buyers is reclaiming $0.14, followed by the stronger $0.16 resistance.
a weekly close above $0.16, followed by price holding that level, would give stronger evidence that the broader bearish structure is changing. from there, $0.18–$0.20 becomes the next area to watch.
on the downside, losing $0.12 would put $0.10 back into focus and weaken the current basing thesis.
for now, this looks more like potential base formation than a confirmed reversal.
$0.12 for defense. $0.16 for confirmation.
those are the two levels i’m watching.
DIA is back around the $0.12–$0.13 region, an important area to watch after months of downside.
i’m not calling this a confirmed bottom yet. the first real test for buyers is reclaiming $0.14, followed by the stronger $0.16 resistance.
a weekly close above $0.16, followed by price holding that level, would give stronger evidence that the broader bearish structure is changing. from there, $0.18–$0.20 becomes the next area to watch.
on the downside, losing $0.12 would put $0.10 back into focus and weaken the current basing thesis.
for now, this looks more like potential base formation than a confirmed reversal.
$0.12 for defense. $0.16 for confirmation.
those are the two levels i’m watching.
