$EVAA
☕️♨️Technical & Price Dynamics 📊
☕️EVAA has experienced severe downward pressure since launch, declining from an opening price of $9.79 (Nov 1) to $1.16 (Dec 4) — a 88% collapse over 34 days. However, today (Dec 4) marked a significant reversal: the token surged 18.82% in 24 hours, closing at $1.1584 with a spike to $1.1622 intraday. This represents the strongest daily performance in weeks, breaking a prolonged downtrend.
♨️🧭Key Technical Observations:🏗
☕️Capitulation Phase Complete: The extended decline from $9.79 to $0.84 (Dec 1 low) suggests institutional and retail capitulation, typical of post-launch volatility.
☕️Volume Surge: Today's 5.456M USDT volume is the highest since November 14, indicating renewed institutional interest.
☕️Reversal Signal: The close above $1.10 after testing $0.84 suggests potential support formation and short-covering activity.
☕️Funding Rate Positive: At + 0.0633%, the funding rate indicates mild bullish positioning without excessive leverage.