🚨 $C Flash Surge — But Momentum Weakening
$C exploded earlier with a +78% intraday spike, hitting a high of $0.75, but price has since retraced sharply and is now consolidating near $0.27.
Technical Breakdown: • Rejection from $0.75 indicates strong overhead supply
• Currently trading below the 7 EMA ($0.2807) and 25 EMA ($0.2919) — momentum turning bearish
• MACD histogram turning flat → weakening bullish momentum
• Price struggling to hold local support near $0.272 (low of recent candle)
• 24H volume still elevated (380M C), indicating trader interest
🔻 Bearish Outlook (short-term):
If $C fails to reclaim $0.29+ (25 EMA), we may see another leg down toward $0.22–$0.20 range. Continued sell pressure from earlier longs exiting.
📉 Watch for:
• Breakdown below $0.27 = bearish confirmation
• Only sustained reclaim above $0.32 would flip bias bullish again
Stay cautious — current PA favors sellers.
