The graph in the image shows a sharp spike followed by a steep drop, which suggests high volatility and possibly market manipulation, large buy/sell orders, or algorithmic trading activity. Here’s a breakdown of what could have caused this pattern:

1. Sudden Price Surge to 0.99 USDT

• There is a massive green spike in the candlestick chart, reaching 0.99 USDT.

• This indicates a large influx of buy orders in a short time, likely caused by:

• Whale buying (large investor making a bulk purchase).

• Market manipulation (pump-and-dump).

• Low liquidity in Pre-Market, where even a small number of orders can move the price significantly.

2. Immediate Drop to 0.75 USDT

• After the peak at 0.99 USDT, the price plummets to 0.75 USDT, forming a sharp downward wick.

• This suggests a sell-off happened right after the spike:

• Whales or early traders taking profit after pumping the price.

• Panic selling from traders who bought at the top.

• Stop-losses triggered, accelerating the downward movement.

3. Price Stabilization Around 0.86 USDT

• After the wild spike and drop, the price is now stabilizing at 0.8648 USDT.

• The Moving Averages (MA 50, MA 100, MA 150) suggest the price is below resistance levels, meaning it could struggle to rise further in the short term.

4. Market Indicators: Overbought & Volatility

• The Stochastic (K: 8.8255, D: 13.3520) is very low, indicating an oversold condition.

• This could mean a potential small rebound unless further selling pressure continues.

• The Volume is high during the spike but drops off after, meaning less participation after the event.

Why Did This Happen?

1. Pre-Market Low Liquidity

2. Whale Manipulation

3. News Impact

4. Stop-Loss & Liquidations

What to Expect Next?

• The price might consolidate around 0.85-0.87 USDT before making another move.

• If Spot trading starts soon, expect another wave of volatility.

• Support Level: ~0.75 USDT (recent low).

• Resistance Level: ~0.99 USDT (recent high).