The chart is approaching a very important decision point.
After the sharp rejection from the highs, price has now pulled back directly into the rising EMA and previous support area.
🟡 Momentum has cooled off after the pump. 🟡 Selling pressure is decreasing. 🟡 Price is testing a key dynamic support. 🟡 The higher timeframe structure hasn't completely broken yet. For me, the EMA is the line in the sand here. Bullish scenario ✅ Hold above the EMA. ✅ Build a base around current levels. ✅ Print a higher low. ✅ Reclaim $0.095-$0.10.
If buyers defend this area, there's a good chance we see another push higher and a retest of the recent highs.
Bearish scenario
❌ Lose the EMA decisively. ❌ Close below the $0.078 support zone. ❌ Turn the current pullback into a deeper correction. At the moment, I'm not bearish yet. As long as the EMA continues to hold as support, there is still a solid chance that this is just a healthy retracement before another leg higher. The next few candles are important — either bulls defend this area and continue the trend, or losing the EMA could open the door for a much deeper pullback. 👀🚀
After the massive sell-off, price retested the $6 area, found strong demand, and immediately reversed higher. That level acted as a perfect liquidity sweep and became the launchpad for the current recovery.
🟢 $6 support held beautifully. 🟢 Buyers aggressively stepped in after the sweep. 🟢 Price has already recovered more than 150% from the lows. 🟢 Momentum has completely shifted back to the upside. Now we're approaching the next major obstacle: ⚠️ $17.1 is the key resistance zone. This area previously acted as support before the breakdown and is now being tested from below. A clean breakout here would be extremely bullish.
Bullish scenario
✅ Break and hold above $17.1 ✅ Turn resistance into support ✅ Continue toward higher targets and potentially revisit the previous highs.
Bearish scenario
⚠️ Rejection at $17.1 ⚠️ Healthy pullback to cool off the rally ⚠️ Consolidation before another attempt higher.
Even if we see a retracement from here, it would be completely normal after such an aggressive recovery. The important thing is that the market has already shown its hand: The $6 retest was accepted by buyers, and the trend has shifted back in favor of the bulls. As long as higher lows continue to form, dips are likely to be bought and the path of least resistance remains higher. 🚀
Supertrend just switched from sell to buy on the daily, and price is holding above both the 7 and 99 MA after weeks of just sitting there doing nothing.
10.22M mcap, 966K on-chain liquidity, 42k holders — not some ghost token, actual base building.
Been range-bound since the April dump but this is the first real sign of life. If it holds above 0.0102 this could start moving.
$BREV #BREV Đã phá vỡ Falling Wedge & hiện đang giao dịch trên một vùng hỗ trợ đa tầng. Miễn là giữ giá trên mức hỗ trợ ngang 100-110% đà tăng trưởng tích cực sẽ vẫn nguyên vẹn trong các phiên sắp tới ✍️