I looked at the $APR chart and honestly, I had to double-check if I was seeing this right.
We’re up nearly 30% and the momentum just isn’t quitting. After that clean rally from the 0.094 floor, we hit a wall at 0.145 and the bears tried to push back, but looked at the recovery. Price is currently sitting at 0.137 and consolidating just below that local peak. The volume is still heavy at 67M, which tells me there’s enough gas left in the tank for another attempt. If we can flip 0.145 into support on this next candle, we’re probably heading into price discovery. If not, I’m looking for a healthy pullback toward 0.125 to fill some of those imbalances. I’m not chasing here, just waiting for the retest to see if the buyers are still serious.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
I looked at the $APR chart and honestly, I had to double-check if I was seeing this right.
We’re up nearly 30% and the momentum just isn’t quitting. After that clean rally from the 0.094 floor, we hit a wall at 0.145 and the bears tried to push back, but looked at the recovery.
Price is currently sitting at 0.137 and consolidating just below that local peak. The volume is still heavy at 67M, which tells me there’s enough gas left in the tank for another attempt.
If we can flip 0.145 into support on this next candle, we’re probably heading into price discovery. If not, I’m looking for a healthy pullback toward 0.125 to fill some of those imbalances.
I’m not chasing here, just waiting for the retest to see if the buyers are still serious.
#JoinGrowthPointsDrawToWinGoldenBar