Here's a technical and market analysis of $RESOLV
/TRY
📉 RESOLV/TRY Market Snapshot
Current Price: ₺6.82
USD Equivalent: ~$0.1698
24h Change: -26.43% 🔻 (significant drop)
24h High / Low: ₺10.60 / ₺6.73
24h Volume:
RESOLV: 58.43M
TRY: ₺504.26M
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📊 Technical Indicators
Indicator Value Interpretation
MA(5): 593,562.7 Sharp recent spike in volume
MA(10): 459,686.6 Suggests prior rising interest before sell-off
Volume: 988,776 Heavy — confirms panic selling or profit-taking
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⚠️ Key Observations
Price fell from ₺10.60 to ₺6.82, a ~35% crash from the intraday high.
Near 24h low (₺6.73) — weak bounce indicates selling pressure still active.
The fall likely represents:
Profit-taking after a recent pump, or
Negative news/event impact
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🧱 Support & Resistance Levels
Type Price (₺) Commentary
🔼 Resistance 1 7.50 Nearest recovery barrier
🔼 Resistance 2 8.61 Mid-resistance during drop
🔼 Resistance 3 10.60 Intraday high — hard cap
🔽 Support 1 6.73 24h low, current bounce point
🔽 Support 2 6.38 Thin historical support
🔽 Support 3 5.51 High-risk zone
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🔍 Sentiment & Strategy
Sentiment: Bearish ⚠️
Sharp drop without recovery = weak confidence
Momentum: Negative — avoid fresh longs unless a bottom forms
Short-Term Strategy:
Wait for base formation above ₺6.80
If it holds and volume drops, consider bounce trades up to ₺7.50+
Risk Level: High — volatile asset with potential manipulation/pump-dump signs
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🔧 Suggested Trading Plan
Strategy Entry Zone Target Range Stop-Loss
Bounce Trade ₺6.70 – ₺6.85 ₺7.50 – ₺8.60 ₺6.50
Avoid New Entry — — — (wait for clarity if uncertain)
Short-Term Sell ₺7.40 – ₺7.60 Profit-booking zone —
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✅ Summary
RESOLV/TRY is in a heavy correction phase after peaking near ₺10.60.
Traders should proceed with caution due to high volatility and limited support structure.
Not ideal for long entries unless it stabilizes above ₺7.00 with dropping sell volume.