๐ TOWNS surges 30% in 24h โ is this the start of a new cycle? ๐ฅ
The token $TOWNS surprised the market in the last 24 hours, rising +30.74% to $0.01253, with trading volume nearing $77 million! ๐ฅ
๐ Quick recap:
๐ Up 30.74% in 24h
๐ฐ Market cap: $26.58 million
โก Strong volatility: between $0.0099 and $0.0155
๐ Still down 59% over the past 30 days
๐ฌ Whatโs driving the rally?
The Binance Square community spotted a โmassive breakoutโ after weeks of decline, possibly fueled by a short squeeze and renewed excitement around the project โ an open protocol for private group chats ๐.
๐ Key technical zones:
๐ฏ Entry: $0.0120 โ $0.0135
๐ง Resistances: $0.0155 / $0.0165 / $0.0180
๐งฑ Support: $0.0120 โ $0.0125
โ ๏ธ Below $0.0110 = bearish signal
๐จ Attention traders:
The Fear & Greed Index is at 25 (Fear), and the token has a history of sharp drops (โ86% in 90 days).
๐ Suggested strategy: low leverage (3xโ5x) and tight stop-loss below $0.0110.
๐ TOWNS is still well below the 200-day EMA, but strong volume and hype could sustain short-term gains.
๐ What do you think: continuation rally or bull trap? ๐