$NIL Rebound in Motion – Bulls Eyeing a Breakout!
$NIL is showing strong signs of recovery after bouncing from the $0.381 support level. Currently trading around $0.414, the token is gaining upward momentum, backed by improving technical indicators.
Key Highlights:
Current Price: $0.414 (+6.99%)
Buy Pressure: 60.79% dominance signals growing interest from bulls
MACD: Turning positive, indicating a potential trend reversal
If this momentum continues, $NIL could push toward a retest of its recent highs. A breakout above $0.422 could be the trigger for a more significant rally.
Trade Setup to Watch:
Entry Zone: $0.408 – $0.416
Target 1 (TP1): $0.422 – Minor resistance zone
Target 2 (TP2): $0.443 – A stronger bullish extension
Stop-Loss: Below $0.395 to manage downside risk
Analysis: The revived momentum and strengthening buy volume suggest bulls are stepping in. Traders should monitor price action closely near $0.422 for signs of a breakout.
Disclaimer: This is not financial advice. Always do your own research and manage your risk accordingly.