$CYS , token of #Cysic , maintains a strongly bullish trend after registering an extraordinary move during August. The price has recently reached new all-time highs, while volume increased considerably. The listing of$CYS a on the markets #BTC☀️ and USDT of Upbit also boosted traders' interest.
However, the rally has been very fast, which increases the risk of a correction. $CYS recorded gains exceeding 220% in seven days, showing a strong speculative push. Therefore, although the structure remains positive, the market may show sharp moves and profit-taking.
From my perspective, #CYS s
still remains bullish, but overextended. I would especially watch volume and the price's ability to hold supports after a correction. If it keeps ascending highs and lows, it could continue to look for new highs; losing key supports, on the other hand, would increase the risk of a rapid drop.
However, the rally has been very fast, which increases the risk of a correction. $CYS recorded gains exceeding 220% in seven days, showing a strong speculative push. Therefore, although the structure remains positive, the market may show sharp moves and profit-taking.
From my perspective, #CYS s
still remains bullish, but overextended. I would especially watch volume and the price's ability to hold supports after a correction. If it keeps ascending highs and lows, it could continue to look for new highs; losing key supports, on the other hand, would increase the risk of a rapid drop.