The price of #SIGN is witnessing a correction after a significant rise, and a sell signal has been detected! 📉
On the hourly timeframe, the price of #SIGN is currently trading at $0.10498, down from its recent peak after a substantial increase. However, the price remains significantly up by +29.85%. It reached a high of $0.13310 in the last 24 hours, with a trading volume of 2.81 billion SIGN and 263.33 million USDT. A sell signal appears to be forming after the initial rise.
✅ Key Note:
#SIGN experienced a strong rise followed by a correction, with a potential sell signal appearing on the hourly chart.
Potential next targets (short-term drop):
🎯 $0.09289 (potential initial support level)
🎯 $0.08000 (potential additional support level)
🎯 $0.07021 (potential lower support level)
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🛡️ Important resistance level (to watch for a potential bullish retest):
🛡️ $0.11557 (potential near-term resistance level)
🛡️ $0.13310 (24-hour high$SIGN significant resistance)
🛑 Stop loss (for short positions):
Place a stop loss above the recent swing high, perhaps around $0.11800, to protect against any unexpected upward movement.