Just spotted a textbook Double Top on the 1H chart for this DeFi token. Price hit resistance around $0.1513 twice and failed to break the 99-period MA (yellow line). After the second peak, sellers took control, pushing the price below the neckline at $0.1436.
This pattern typically signals a trend reversal. If the neckline doesn't hold, we might see further downside pressure.
Key Levels:
Resistance: $0.1513
Neckline Support: $0.1436
MA(99): $0.1497 (Still acting as resistance)
Volume spike on the drop confirms the move. Stay cautious!
