Quiet coin, loud week. $GRAM went from 0.992 on Monday to 1.257 today, more than 25% off the low, and volume is way above anything it did all of last week.
First real pullback came in at 1.176 and got bought twice, so for me thats the line now. Price sitting around 1.21.
Problem is 1.25 to 1.27 was the late October range before everything broke down, so sellers know that area well. Hourly close above 1.26 and it opens the door back toward 1.30.
Lose 1.176 and I think this whole leg retraces toward 1.14.
From 41 on Monday to 69 tonight. thats a lot of ground in three sessions for a 3x semis token
US open shook it down to 60.9 today and it got bought straight back, then ran through 65 like it wasnt even there
Up here im watching 67.4, the hourly close of that breakout candle Hold it and the 69.7 high is next, over that its open air into the 70s Lose 67.4 and 65 is where id expect buyers again Under 63 and this leg is probably done for now
$ETH finally poking its head above the hourly 50 EMA, first time since the Nov 8 dump
Spent the whole day glued to 2045 to 2070 doing nothing, then the US open pushed it through and it tagged 2103. Yesterday's 2006 wick held, which matters
But 2100 is the same spot that slapped it twice yesterday so not celebrating yet
Want a clean hourly close over 2105 and then 2150 is the next real test, that's where the Nov 9 bounce died. Falls back under 2083 and this was just another lower high in the bleed
Been ignoring $NEAR for a week because it just sat in that 3.55 to 3.66 box doing nothing.
Then one candle around 11:00 UTC today took it straight to 3.79 on the best volume in days. And it didnt give it back, been chilling between 3.72 and 3.81 for five hours now.
Thing is 3.80 is right where the Nov 6 and 7 shelf was before it cracked. So this is the real test, not the pump itself.
Hourly close over 3.83 and the 3.95 to 4.00 area opens up. Slip back under 3.68 and its the same old box again, nothing changed.
Yesterday I said 0.0000051 had to hold on $PEPE if the ceiling rejected it again.
It didnt hold. The CPI candle poked 0.0000056 for one hour and got fully sold, then this morning the whole thing rolled over and 0.0000051 went with one fat red hourly candle. Down about 8% on the day now, sitting near 0.0000049 while BTC and ETH are mostly flat.
So this is just memes bleeding on their own.
For me the next real spot is 0.0000048, thats where last week's bounce started. Lose that on an hourly close and the drop gets ugly fast. Back above 0.0000051 and hold it, then this was a shakeout and I'm wrong about the weakness.
Tokenized stocks keep moving closer to Wall Street.
OKX and ICE, the company that owns the NYSE, said today their joint venture OKXICE goes live on Nov 23 for onchain stock trading in the US. It runs under the SEC innovation exemption that started in September. The Block and CoinDesk both have it.
They say more than 70 assets are confirmed so far, including $COIN , Circle, Robinhood and $MSTR , plus 59 Direxion ETFs. Trading runs round the clock.
The funny part is how many big names said no. 67 companies opted out, Apple, Nvidia, Tesla and Microsoft among them.
For me this matters because b stocks have been some of the most traded stuff lately. Real TradFi players building this lane means more volume onchain, even with the biggest tickers staying out for now.
Up around 16% on the day while most coins are still bleeding. It went from 0.069 yesterday to 0.0939 this morning, and the top hourly candles printed the heaviest volume on the whole week chart. Then it got slapped straight back to 0.079 within two hours.
What I like is it didnt stay down. Bought back to 0.087 and the hourly EMAs are now curling up under price.
For me 0.09 is the wall. Two tries already and both rejected. Clean hourly close above it and 0.0939 comes back, after that the late October high near 0.103.
Lose 0.083 and this turns into a normal pump and fade, with 0.079 the next spot buyers showed up.
Memory chips are carrying the b stock board today and $MUB is right in the middle of it.
Micron token dropped from about 773 to 650 in one ugly session on Nov 5, then sat in a 660 to 745 box for almost a week. Today it walked straight back to 773, basically erasing that whole crash candle, and it is above the 4h EMA50 for the first time since the selloff started.
SNDKB and SKHYB green too so its not a one off.
For me 745 is the line now, the top of that old box. Hold it and 800 is next, then 840 where it broke down originally. Slip back under 745 and this was just a pre market pop and the range is back on.
Most of the board is red again and $AVAX is just quietly grinding up.
CPI dip yesterday took it to 8.07, since then every hourly low has been a bit higher than the last one. Back at 8.67 now and sitting right on the 8.70 shelf it lost yesterday morning.
Only thing I dont love is the volume, its thin. Nothing like the Nov 9 candle that ran it to 9.01.
So for me 8.70 is the line. Clean hourly close over it and 9.01 is the next test. If it slips back under 8.40 the whole higher low thing is broken and 8.07 is on the table again.
$BTC has spent the whole day stuck between 73.2k and 74.1k.
After the CPI candle took it down to 72.7k yesterday buyers did show up, but every bounce since is small and the volume is kinda meh. Still under both 4h EMAs too, the 20 is sitting around 74.6k now.
For me 74.9k is the line. That was the Nov 6 low and the floor of the old 76k box, and now its acting like a ceiling. A 4h close above it and 76.3k comes back in view.
Lose 72.7k on a 4h close and this whole bounce was just a pause. Until one of those breaks its chop and I'm not forcing anything.
Initia posted its update today on the second exploit in under three weeks, and the $INIT chart makes zero sense next to it honestly.
Per Cointelegraph, the attacker got in through a compromised Google Cloud key, reached the rollup hosting side and pushed forged IBC withdrawals out of five rollups. About $3.27M moved, around $2.16M is still frozen on the halted chain and no INIT left the network. Chain is still paused with no restart date. Team says it will restore backing for affected assets in full.
Meanwhile the token wicked to 0.395 this morning and is already back near 0.22. Halted chain trading like a meme coin with leverage on it.
Last night 0.275 was my line and that is gone too. Under 0.21 there is not much until the 0.15 area. A real restart date is what changes the picture.
Nobody is talking about $DOGE lately and honestly the 4h shows why.
Every bounce since late October got sold under the EMAs. 0.083 then 0.078 then 0.073, and yesterday it slipped to 0.0666, lowest print in about 3 months.
Now its just sitting around 0.068 doing nothing much.
For me 0.0673 is the line. Lose that on a 4h close and the 0.066 wick gets tested again, probably with more volume this time.
To even think about the other side I need it back above 0.0702 first. Over 0.0722 and the downtrend finally looks tired. Until then its a slow bleed coin
Saturday night it wicked there and bounced. Today it came back and tagged 10.10, bounced again. So the floor is holding for now but every bounce is weaker, 11.79 then 10.83 then barely 10.69.
Thats lower highs into the same support and honestly that usually ends with support giving way, not the other way round.
For me a 4h close under 10.10 puts round 10 in play and theres not much under that on this chart. Bulls need a reclaim of 10.50 first, and only above 10.83 would I stop calling this a downtrend.
Last night I had 1180 as the floor on $ZEC . That floor is long gone
Slow bleed all day then the CPI selloff finished the job. 1150 cracked, 1050 from the October low cracked, and it wicked to 994 before buyers showed up. Sitting around 1028 now
Honestly the bounce off 994 doesnt tell me much yet. Volume on that leg was the biggest in weeks so somebody got flushed
For me 1050 is the line now. Back over it and the October range low gets reclaimed. If 994 goes there is not much on this chart until the 900s
Only a 4h close back above 1118 would make me stop calling this a downtrend
$SOL chart this week looks like a staircase going down.
96 to 90, sat there two days. 90 to 85, sat there again. Then the US open today pushed it through 85 and it tagged 81.3, lowest print in about 70 days.
Every step the same story honestly, a flat shelf, one big red candle, new shelf lower.
For me 85 is the line now. It was the floor since Sunday so if price cant get back over it on the 1h this is just the next shelf forming. Lose 81.3 and round 80 is the only thing left close by.
Get back above 85 and hold it, then the staircase idea is wrong and 88 comes into play.
That data candle this afternoon wicked it all the way to 2028, under the Sunday flush wick near 2060, and buyers only managed a bounce to about 2096 before it rolled over again. Sitting around 2064 now.
Honestly the bounce felt weak for me. Volume on the push up was half of the dump candle.
2083 is the first thing it needs back, then 2100 where it kept getting rejected all morning. Lose 2028 on a 1h close and its lowest price in two months, nothing under it except the round 2000.