🔍 Current Market Overview

Price: $0.2726

Trend: Sideways-to-slightly-bullish (recovering from extended downtrend)

Volume: Low but increasing near support (bullish divergence possible)

🎯 Critical Resistance Levels (Upside Targets)

1️⃣ $0.285 – Short-Term Resistance

Immediate hurdle before MA99 (key moving average resistance).

Break above could trigger short-term momentum.

2️⃣ $0.305–$0.31 – MA99 Zone & Local Pivot

MA99 (99-period Moving Average) acts as dynamic resistance.

A confirmed flip of this level could signal trend reversal.

3️⃣ $0.35 – MA25 Resistance & July Congestion Zone

Previous consolidation area (July trading range).

Strong selling pressure expected here.

4️⃣ $0.38–$0.40 – Breakdown Level (Early August)

Major resistance from the August breakdown.

A reclaim of this zone would confirm bullish continuation.

5️⃣ $0.43–$0.44 – Post-Listing Swing High

Previous rejection zone (post-listing high).

Breakthrough could lead to new uptrend.

6️⃣ $0.54 – Major Psychological Barrier

Listing wick high (strong profit-taking zone).

Ultimate bullish target if momentum sustains.

🛡 Key Support Levels (Downside Protection)

1️⃣ $0.26 – Recent Consolidation Floor

Current support level holding price.

Loss of this level could lead to retest of lower supports.

2️⃣ $0.24 – August 7 Bottom

Last major swing low.

Strong bounce here would confirm higher low structure.

3️⃣ $0.20 – Strong Base (Listing Aftermath Support)

Absolute critical support from initial listing phase.

Breakdown below this would signal bearish continuation.

💡 Trading Insights & Key Observations

✅ Bullish Scenario:

Break & hold above $0.285 → Quick push to $0.31–$0.35.

Flip MA99 ($0.305–$0.31) → Confirms trend reversal.

Volume surge needed for sustainable upside.

⚠️ Bearish Risks:

Rejection at MA99 → Possible retest of $0.26–$0.24.

Loss of $0.24 → Could extend downtrend to $0.20.

🔍 What to Watch:

Volume trends (increasing volume = stronger breakout).

BTC & macro market sentiment (altcoins often follow BTC).

MA99 & MA25 interaction (bullish cross would be strong signal).

@Chainbase $C

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