$DATA /USDT Daily Chart Analysis – Fakeout or First Spark?

📉 Current Price: $0.01482 (−8.80%)

🕓 Timeframe: 1D

💡 Trend: Still bearish, despite a sharp intraday spike

📊 Quick Technical Breakdown:

The chart just delivered a textbook bull trap: a high-volume breakout above short-term moving averages, immediately sold down below the 7 MA close.

🧮 Moving Averages:

MA 7: $0.01342 — now above price again 🚨

MA 25: $0.01356 — minor support, barely reclaimed

MA 99: $0.01619 — rejection point, still unbroken since March

🔍 What Just Happened?

Huge wick above $0.019 followed by sharp rejection

Sellers defended the 99-day MA fiercely

Bears regained control quickly → sign of distribution, not breakout

📉 Bearish Case:

Rejection near long-term MA99 = strong downtrend remains intact

Price now back below all 3 key MAs

Momentum was not sustained — no follow-through candle

✅ Bullish Hints (very early):

Attempt to break resistance shows interest or accumulation phase brewing

If support holds at $0.013–0.014 zone, another run may be attempted

Long wicks may flush weak hands before a stronger base is built

📌 Key Levels:

Resistance:

$0.01620 → MA99

$0.02000 → previous key support flipped resistance

$0.02400 → breakout zone from Q1

Support:

$0.01350 → MA25

$0.01100 → cycle low

$0.00980 → invalidation zone (multi-year breakdown)

🧠 Tactical Summary:

This move feels like a liquidity grab unless bulls can recover and reclaim $0.016+ quickly. Don’t chase green candles — watch for consolidation above the 25 MA before trusting the trend flip.

If it reclaims and holds the 99 MA, momentum can return. Otherwise, this was just another fakeout in a long downtrend.

⚠️ DYOR – Do Your Own Research. This is not financial advice. Markets can be volatile — always trade responsibly!