Here we have another of the more bullish coins. Great narrative for a DEX to start moving as well since a CEX was the point of failure this time. Clear area for resistance is around 2. If we fail here we will have had a bearish divergence and a lower high. This is a great recipe for bearish continuation.
While the price did hold up during the first capitulation phase, the price is range bound at best. If we get to the very top of the extreme resistance, we will most likely fail and find support somewhere in the range. If we fail at the first resistance, then we will most likely fall to the support zone.
Safe to say, we are in the middle of the range so nothing to see here.
Just only the note that this is one of the better performers and can be watched closely for more beta.
While the price did hold up during the first capitulation phase, the price is range bound at best. If we get to the very top of the extreme resistance, we will most likely fail and find support somewhere in the range. If we fail at the first resistance, then we will most likely fall to the support zone.
Safe to say, we are in the middle of the range so nothing to see here.
Just only the note that this is one of the better performers and can be watched closely for more beta.