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๐ #Price-Prediction #Overview
Current Price: $1.119
24h Range: $1.038 โ $1.200
Recent Low: $0.929
Recent High: ~$3.000 (listing spike)
The price is showing sideways consolidation after a heavy downtrend from the initial high.
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๐ Chart Structure Analysis
1. Trend
The token had a massive initial dump after launch (from ~$3.00 to ~$0.93).
Now, itโs forming a base structure between $0.93 (support) and $1.20 (resistance).
Current candles are small and tight, showing accumulation โ buyers and sellers balancing out.
๐ Trend status: Downtrend slowing; potential early accumulation phase.
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2. Moving Averages (MA5 & MA10)
MA(5): ~116M
MA(10): ~136M
The short-term MA (5) is below the MA (10), indicating bearish pressure is still present.
However, the two are converging, suggesting momentum loss in the downtrend and possible bullish crossover if buying continues.
๐ Signal: Watch for a crossover (MA5 > MA10) โ that will confirm a short-term trend reversal.
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3. Volume
Volume is decreasing gradually after high sell activity โ this shows selling exhaustion.
Buyers may step in if a breakout happens above $1.20 with increased volume.
๐ Signal: Volume drop supports consolidation; a volume spike will confirm the next move.
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4. Support & Resistance Levels
Support Zones:
$0.93 โ Strong base
$1.00 โ Psychological level
Resistance Zones:
$1.20 โ Immediate resistance
$1.45 โ Next target if breakout occurs
$1.80 โ Secondary target
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5. Candlestick Pattern
Recent candles are small-bodied, suggesting indecision and market stabilization.
A bullish engulfing candle above $1.20 could trigger a short-term rally.
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๐ Possible Scenarios
Bullish Scenario
If price breaks and closes above $1.20 with volume confirmation:
Next targets โ $1.45 โ $1.80
Could signal short-term trend reversal.
Bearish Scenario
If price falls below $1.00, expect retest of $0.93 or lower.
Breakdown below $0.93 โ could push it to $0.80โ$0.75 area.
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๐ง Conclusion
Current Trend: Neutral โ Slightly Bullish in formation
Market Phase: Accumulation after heavy sell-off
Key Trigger Point: Breakout above $1.20
Risk Level: Medium (still in early stabilization stage)
