#TradingTypes101 Here is the technical analysis post for RESOLV/USDT based on the screenshot you attached — suitable for publication on Binance Write, in the crypto community Telegram group, or your social media:
📊 Technical Analysis RESOLV/USDT – June 11, 2025
The RESOLV token has shown an extraordinary spike in the last 24 hours. Here’s a technical summary that could be your reference today:
🟢 Price Summary
Current Price: $0.35553
24 Hour Increase: +75.97%
High / Low 24h: $0.39000 / $0.17264
24h Volume: 3.12 billion RESOLV (~967 million USDT)
📈 Pattern & Price Movement
RESOLV printed a very strong bullish engulfing candle and broke through resistance around $0.30.
The price spike from $0.17 to $0.39 indicates explosive movement, likely triggered by high volume and technical breakout.
🔍 Technical Indicators
MA(5) and MA(10) show that short-term momentum is still positive, although it is starting to flatten.
High volume at the peak of the candle indicates strong buying power, although there has been a slight decrease in volume in the following candles — a signal of potential short-term correction or consolidation.
The current price is slightly below MA(5), indicating that profit-taking pressure is starting to emerge.
⚠️ Areas to Watch
Strong Support: $0.305–0.31
Nearest Resistance: $0.39 (high of 24 hours)
If the price can hold above $0.34–0.35, the potential for a retest of $0.39 is very open. If it fails, a correction could bring the price back to the $0.30 zone or lower.
🧠 Conclusion
RESOLV is currently in a major breakout phase with very high volume. However, traders need to be wary of potential short-term technical corrections considering that the RSI may be approaching the overbought zone (not visible in the image, but indicated by the movement pattern).
📌 For those who have already entered below, consider a trailing stop. For those who have not entered yet, it is better to wait for further confirmation or retest of support.
Disclaimer: This is not financial advice. Always DYOR and use risk management.
