When a Token Holds the $1 Mark — What Comes Next?

After a token dips hard — say from $1.35 to near $1 — that $1 level becomes critical.

Here’s what typically happens:

Scenario 1: $1 Holds Strong

Buyers step in at the psychological support.

Price may stabilize or consolidate between $1–$1.10.

If volume picks up, a bounce toward $1.20–$1.35 becomes possible.

Scenario 2: $1 Breaks Down

If sell pressure continues, $1 might not hold.

Next supports could be around $0.92, $0.85, or even $0.78.

This often triggers panic-selling or stop-loss cascades.

Scenario 3: Fake Stability

Price hovers at $1, but with weak volume and weak bounce.

If no momentum builds, it can fake stability before dipping further.

Key Levels to Watch

$1.00 — Must hold with solid volume.

$1.10 / $1.20 — Resistance on the way up.

$0.92 / $0.85 — Support if $1 breaks.

Tip: Watch for volume, RSI, and broader market mood. Holding $1 is just the first signal — confirmation comes with breakout or breakdown behavior.

#PriceAction #SupportAndResistance #TradingPsychology #BinanceSquare #Write2Earn