$DRIFT Protocol (DRIFT) Quick Market Breakdown

Recent Long Liquidation: $3.31K at $0.43121 – early signs of bull trap rejection as leveraged longs got flushed near resistance.

Technical Snapshot

DRIFT attempted a breakout above $0.43, but liquidation pressure forced a sharp rejection, hinting that buyers are losing steam. Short-term sentiment has shifted neutral to bearish unless key levels reclaim momentum.

Key Price Levels

Type Levels

Immediate Support $0.405 – $0.398

Major Support $0.372

Immediate Resistance $0.432

Breakout Resistance $0.458

Trade Idea (High-Probability Setup)

Buy Zone: $0.398 – $0.405

Take Profit 1: $0.432

Take Profit 2: $0.455

Stop Loss: $0.384

Trend View

The liquidation event near resistance signals short-term correction before another upside attempt. As long as DRIFT holds above $0.398, bulls remain in the game. A breakout above $0.458 could open the doors toward $0.50+ momentum.

If $0.398 breaks down, price may revisit deeper support near $0.372—a strong accumulation zone for swing entries.

Strategic Move

Wait for support confirmation around $0.40 before entering long. Keep risk tight—market volatility is increasing.

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