$MARSCOIN already pumped yesterday, from around $0.1095 all the way to $0.2675, and I'm not surprised it pulled back after a move like that, nothing goes straight up forever.
But this isn't a small pullback anymore, it's down 15.60% today alone and sitting at $0.1997, which means it's actually given back a real chunk of that whole move, not just a normal dip after a pump.
And that's what makes the $0.2059 level the thing I'm actually watching, because price just slipped below it, and that was roughly the middle of this whole run up, so losing it isn't nothing, it's a sign sellers have more control right now than buyers do.
So if I put that together, a coin that pumped fast then broke below the middle of its own move on a red day, I land on this looking weak short term, even though the bigger picture still shows a coin that moved a lot in a short window.
If it can reclaim $0.2059 and hold there I think it tries for the highs again, but if it keeps sliding toward $0.1711 that would tell me this pullback turned into something bigger than a normal cool-off.
Price: $0.1997
24h Change: -15.60%
Volume Traded: 77.85M USDT
Timeframe: 15m
Spot only. DYOR, not financial advice.
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