$BROCCOLI714 🚀🔥 Broccoli714 (BROCCOLI) Sellers High: Persistent Supply Weighs on Price 📉⚠️
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🦀🦀Broccoli714 (BROCCOLI) is under mounting pressure as sellers remain high across the market, steadily overpowering any attempts at recovery 🌪️🎯. After failing to sustain support near $0.012, price has rolled over into a clear downtrend, with aggressive liquidation capping every bounce 🪓🥀. On-chain metrics confirm that top wallets have been steadily offloading positions, fueling this prolonged weakness 🦗🎒.
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🎯🎯Momentum indicators are deeply bearish. RSI has sunk to 31, approaching oversold conditions but still highlighting sustained selling pressure 📉🧭. The MACD histogram remains entrenched in red, while daily moving averages have rolled over in a textbook bearish alignment 🧊🍂. Volume analysis shows red candles dominating the tape, with strong participation from traders eager to exit positions 🪁🦕. In derivatives markets, funding rates have turned negative and open interest continues to climb, a clear signal that traders expect further downside 🎢🔥. If BROCCOLI decisively loses the $0.0105 level, the next logical support zone is near $0.0090–$0.0095 🚧🐚.
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🍀🍀Fundamentally, Broccoli714 is still developing its ecosystem and community initiatives 🌈📡. However, ongoing technical breakdowns and cautious market sentiment have neutralized near-term optimism 🦥🌫️.
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🐢🐢Traders should watch $0.0105 closely. A confirmed break with volume could trigger acceleration toward lower targets, while a fast rebound above $0.012 might spark a temporary relief bounce. Manage risk and remain alert as volatility unfolds 📊⚡.