1. Recent review
PORT3 has recently been consolidating at low levels and has initiated a main upward wave from May 31 to June 2, with the price rapidly rising from around 0.036184, peaking at 0.079439, more than doubling in a short period. Afterwards, the price showed a significant volume drop at high levels, indicating some selling pressure, and is currently pulling back to around 0.061647, in a consolidation state above EMA20.
From the indicators' perspective, EMA20 has crossed above EMA60 to form a golden cross, with a bullish bias in the medium to short term. The MACD indicator is still operating above the zero axis, but the red bars continue to shrink, reflecting that the upward momentum is weakening, with the technical aspect in a corrective phase after a strong performance.
2. Current trend analysis
Currently, PORT3 is in a high-level consolidation state, with some support but reduced upward momentum. In the short term, the second surge near 0.072 has not broken the previous high, and it is currently in the stage of confirming support through a pullback. The price is oscillating around EMA20, and if it can stabilize at this position and re-expand upward, it is expected to challenge the previous high of 0.0794 again.
However, the MACD red bars are clearly shrinking, and if green bars appear subsequently, the short-term adjustment pressure will further increase. Overall, the current market still belongs to a bullish-dominated oscillation structure, and short-term suggestions are to pay attention to changes in trading volume and the effectiveness of moving average support.
3. Technical structure observation
Currently, this can still be viewed as the first technical pullback after an increase, as the trend structure has not been broken. EMA60 continues to rise, maintaining a good medium-term trend, while EMA20 serves as the current key support moving average. If the price effectively breaks below this, it may test the support zone between 0.053 and 0.050. MACD remains above but is trending down, with momentum adjusting, indicating that the market is shifting from a 'high surge period' to a 'consolidation period'.
From the perspective of trading volume, there was significant expansion during the main upward wave, and currently, during the pullback, volume is contracting, indicating that funds have not exited on a large scale, which is a relatively healthy pullback.
4. Support and resistance zones
The short-term resistance levels above are at 0.072 and the previous high around 0.0794. If it breaks through 0.0794, there is a chance to challenge the high resistance area of 0.0816. The main short-term support below focuses primarily on the EMA20 moving average near 0.056, followed by 0.053 and the area around 0.047 where EMA60 is located. If these key levels are lost, the market may further enter a deep consolidation phase.
5. Operational recommendations (for reference only)
Current recommendation is to maintain a cautious bullish strategy. Short-term investors can focus on the support level around 0.056. If this range holds steady and shows signs of a rebound, consider participating with a small position, targeting 0.072 and 0.0794, with a stop loss reference below 0.053. Medium-term investors should pay close attention to whether it stabilizes after testing EMA60. If MACD starts to expand and turns red again, it could mark the beginning of a new upward opportunity.
