Price is currently sitting on a major demand zone after a healthy correction from the recent pump.
We’re seeing absorption candles with long lower wicks, showing buyers quietly stepping in around the 0.36e-7 region.
A descending trendline from the local high has kept price compressed, but structure remains intact as long as this support zone holds.
EMAs are flattening beneath price — a sign of potential base formation before reversal.
The RSI is curling upward from mid-levels, suggesting momentum is preparing to shift.
A confirmed breakout above the descending trendline with volume expansion would likely trigger the next impulsive leg up.
Key levels to watch:
• 🔸 Support Zone: 0.34e-7 – 0.36e-7 (must hold)
• 🔸 Breakout Confirmation: daily close > 0.50e-7
• 🔸 Next Targets: 0.8e-7 and beyond if momentum continues
If bulls defend the zone and flip the trendline, the bottom could be in, setting up for a strong push into November.
Lose this base with heavy volume — and we revisit lower supports fast.
Bias: Neutral–Bullish
Invalidation: Daily close below 0.33e-7
We’re seeing absorption candles with long lower wicks, showing buyers quietly stepping in around the 0.36e-7 region.
A descending trendline from the local high has kept price compressed, but structure remains intact as long as this support zone holds.
EMAs are flattening beneath price — a sign of potential base formation before reversal.
The RSI is curling upward from mid-levels, suggesting momentum is preparing to shift.
A confirmed breakout above the descending trendline with volume expansion would likely trigger the next impulsive leg up.
Key levels to watch:
• 🔸 Support Zone: 0.34e-7 – 0.36e-7 (must hold)
• 🔸 Breakout Confirmation: daily close > 0.50e-7
• 🔸 Next Targets: 0.8e-7 and beyond if momentum continues
If bulls defend the zone and flip the trendline, the bottom could be in, setting up for a strong push into November.
Lose this base with heavy volume — and we revisit lower supports fast.
Bias: Neutral–Bullish
Invalidation: Daily close below 0.33e-7
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.