The KITEUSDT Perp chart shows a highly volatile asset that experienced a massive breakout and is now in a consolidation or distribution phase.
Bullish Case: The price is still above the short and medium-term EMAs (7 & 25), and the MACD is technically positive. If the price can stabilize and move back above the EMA(99) at $0.09995, it could retest the high of $0.13405.
Bearish Case (Short-Term): The significant pullback from the high, the close proximity of the MACD lines, and the decreasing RSI suggest a potential short-term bearish continuation. A break and close below the EMA(7) at $0.08764 could accelerate a move down toward the EMA(25) at $0.08329 or the 24h Low of $0.06209.
Key Level to Watch: The support zone around the EMA(7) and EMA(25) (approx. $0.083 - $0.087) is crucial. A failure to hold this zone would be a strong bearish signal.
The asset is in a powerful, short-term bull run with an extremely strong trend, supported by EMAs and positive MACD momentum.
The most critical factor is the extreme overbought condition shown by the RSI (91.99).
Likely Scenario (Correction/Consolidation): The extreme RSI suggests that a sharp pullback or a period of sideways consolidation is highly probable soon. Initial support would be the EMA(7) around $153 and then previous price structure/resistance-turned-support around the $137 - $140 area.
Bullish Continuation (Lower Probability): For the trend to continue without a major correction, the price would need to quickly break and hold above the 24h High of $194.56 (entering price discovery) while the RSI somehow cools down through sideways movement rather than a price drop.
Bearish Reversal (High Risk): A decisive break and 1H candle close below the EMA(7) at $153.07 would be the first major sign of a reversal, potentially targeting the EMA(25) at $120.49.
The JELLY chart perfectly illustrates an asset experiencing FOMO (Fear of Missing Out) based on exciting news (Venmo founder, app tie-in) that led to an explosive, short-term price discovery phase, immediately followed by a bearish correction fueled by massive profit-taking and its inherent high-risk nature.
The technical indicators (bearish MACD, near oversold RSI) are confirming that the immediate downward pressure is currently dominating the market action.
The market for MMTUSDT Perpetual Futures has experienced an extremely volatile event, characterized by a massive pump followed by a significant dump/correction.
Short-Term Bias: The current short-term technical indicators (Price < EMA(7), declining MACD, and decreasing RSI) suggest a bearish continuation for the immediate future.
Extreme Risk: The magnitude of the initial move and the severity of the subsequent drop point to extremely high risk and volatility. Such movements are often associated with low-cap or newly listed assets and can be a sign of extreme speculative behavior.
Key Levels to Watch:
The 7-period EMA (1.3383) acts as immediate resistance.
The 24h Low (0.2783) is the major historical support visible on this chart, though there may be psychological support at the 1.00 level.
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