SUPRA shows a clear shift as new buyers step in after a big drop, and traders now watch its breakout closely to see if the trend turns.
Rising volume and a clean breakout show growing interest, and the $0.001500 zone still works as a support level where price often bounces.
SUPRA’s 18% jump and sharp V-shaped bounce show fresh demand near $0.0018, and traders now watch if momentum can push toward $0.0075.
SUPRA has drawn market attention today as traders track a major shift in its price structure. The token trading on major exchanges has attracted renewed interest after a long and painful decline. The asset lost more than 96% of its value since its December 2024 peak.
Traders now watch it closely because the chart signals a possible trend reversal. According to analyst Cryptocurrency Inside, there has been fresh buying interest, which strengthens the case for a short-term rebound. The market wants answers on what triggered the sudden change, who is driving the volume, and how the price reacts from this point.
Source: Cryptocurrency Inside
SUPRA also gained fresh momentum after a clean breakout from a falling-wedge bottom. The price sits near $0.002536, which remains far below its earlier surge near $0.090000. However, the structure now shows reduced selling pressure and a clear support floor.
Hence, the focus is on the $0.001500 zone, which holds multiple historical supports. This area produced previous rebounds of +77% and +170%. Consequently, traders expect stronger responses if momentum improves again.
Fresh Volume Supports SUPRA’s Short-Term Bounce
The weekly chart displays a heavy downtrend. However, the price now trades above intraday lows and signals stability. Additionally, the RSI reads 45.55, which signals neutral momentum. The indicator also shows no overbought pressure. Moreover, SUPRA trades well below the Volume-Weighted Average Price at $0.006979. This gap highlights the depth of the drawdown and the wide room for recovery.
The chart also shows a long descending blue trendline. This trendline tracks the entire 2025 decline. However, the current breakout pushes price action beyond this line. Traders view this move as a fresh attempt to flip sentiment. Brown circular marks on the chart also map key decision zones. These circles show where price behaviors changed earlier.
Cryptocurrency Inside also observed rising liquidity. “$SUPRA is screaming for attention right now,” Cryptocurrency Inside states on X. The comment reflects the growing interest after months of decline. Analysts also mention Coinbase Ventures and HTX Ventures as backers. This support gives SUPRA stronger credibility within the Layer-1 landscape.
Analysts Track V-Shaped Reversal
Momentum shifted again after SUPRA printed an 18% daily jump. SherifDefi confirms this shift. “$SUPRA jumped +18% in 24h, with strong volume near $6.3M,” he states. The surge formed a clean V-shaped reversal. Moreover, buying pressure increased after SUPRA touched the $0.0018 range. Consequently, traders believe whales started accumulating positions during the dip.
Additionally, the green weekly candle shows fresh confidence. Buyers now defend higher levels. Hence, traders expect more attempts to reach the projected $0.0075 target into April 2025.
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