NAORIS EXPERIENCING HEAVY LOSSES TODAY ๐๐ธ
$NAORIS is currently testing the lower bounds of its support zone at ~$0.03539, a level that has historically served as a reversal point ๐. The current price action is also supported by the increasing 24-hour volume, which is a bearish sign ๐ค. The lack of macro asset accumulation and order block breaches are driving the price downward, indicating a potential structural breakdown ๐.
The momentum acceleration is a significant concern, as it suggests that the price may continue to drop if the support zone is breached ๐. The key level to watch is the mid-range area at $0.04276, which could serve as a resistance point if the price attempts to rebound ๐.
Levels to monitor:
Watching support around $0.03521
Structure suggests resistance near $0.04276
Mid range area: $0.04276
DYOR
Follow for Updates
#NAORIS #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare
$NAORIS is currently testing the lower bounds of its support zone at ~$0.03539, a level that has historically served as a reversal point ๐. The current price action is also supported by the increasing 24-hour volume, which is a bearish sign ๐ค. The lack of macro asset accumulation and order block breaches are driving the price downward, indicating a potential structural breakdown ๐.
The momentum acceleration is a significant concern, as it suggests that the price may continue to drop if the support zone is breached ๐. The key level to watch is the mid-range area at $0.04276, which could serve as a resistance point if the price attempts to rebound ๐.
Levels to monitor:
Watching support around $0.03521
Structure suggests resistance near $0.04276
Mid range area: $0.04276
DYOR
Follow for Updates
#NAORIS #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare