1. Recent review
PORT3 has recently continued to fluctuate and build momentum in the low range. Between May 31 and June 2, it initiated a main upward wave, with prices rapidly rising from around 0.036184, reaching a maximum of 0.079439, more than doubling in the short term. Subsequently, the price showed a notable decline at high levels, indicating some selling pressure, and has now pulled back to around 0.061647, in a consolidation state above EMA20.
From the indicators, EMA20 has crossed above EMA60 forming a golden cross, with a bullish bias in the medium to short term. The MACD indicator is still operating above the zero line, but the red bars continue to contract, reflecting that the upward momentum is weakening, and the technical aspect is in a stage of consolidation and repair after a strong performance.
2. Current trend analysis
Currently, PORT3 is in a consolidation state at a high level, with some support but reduced upward momentum. In the short term, the second attempt to rise near 0.072 has not broken through the previous high, and it is currently in the phase of confirming support. Prices are fluctuating around EMA20; if it stabilizes at this position and volume increases again, it is expected to challenge the previous high of 0.0794 once more.
However, the MACD red bars are significantly contracting, and if subsequent green bars appear, short-term adjustment pressure will further increase. Overall, the current market still belongs to a consolidation structure dominated by bulls, and short-term suggestions focus on changes in trading volume and the effectiveness of moving average support.
3. Technical structure observation
Currently, it can still be seen as the first technical pullback after an upward trend, and the trend structure has not been broken. EMA60 continues to rise, maintaining a good medium-term trend, while EMA20 serves as the current key support moving average. If prices fall below this, it may test the support zone of 0.053-0.050. The MACD remains above but is trending downward, indicating that the market is shifting from a 'high-rise period' to a 'consolidation period.'
From the perspective of trading volume, there was a significant increase during the main upward wave, and the current pullback period shows a decrease in volume, indicating that capital has not exited on a large scale, which is a relatively healthy pullback.
4. Support and resistance zones
Short-term resistance levels above are at 0.072 and the previous high of 0.0794. If it breaks through 0.0794, there is a chance to challenge the high resistance area of 0.0816. The primary short-term support below focuses on the EMA20 moving average near 0.056, followed by the 0.053 and 0.047 areas where EMA60 is located. If these key levels are lost, the market may further enter a deep consolidation phase.
5. Operation suggestions (for reference only)
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Currently, it is recommended to maintain a cautiously bullish strategy. Short-term investors can pay attention to the support level around 0.056. If this range holds steady and a rebound signal appears, consider participating with a small position, targeting 0.072 and 0.0794, with a stop-loss reference below 0.053. Medium-term investors should focus on whether it stabilizes after a retracement to EMA60. If MACD turns red again, it may signal the start of a new upward opportunity.