$SHARE - Watching for a potential stabilization after the launch selloff
SHARE has been in a steady post-launch correction phase since the initial expansion move.
Now price is approaching an interesting area:
👉 potential exhaustion zone for sellers.
📊 Current structure
Strong launch spike
Heavy distribution phase afterward
Continuous lower highs during correction
Price now sitting near local support range
The important part:
selling momentum appears to be slowing compared to the initial dump phase.
🧠 Why this area matters
Circulating supply is still relatively low:
👉 ~18M circulating vs 100M total supply
Narrative is also stronger than many random launch tokens:
ShareX is focused on:
Web3 infrastructure
sharing economy
real-world device onboarding
revenue-based RWAs
So this is not purely a hype-only narrative chart.
🔑 What I’m watching now
Current zone:
0.26 – 0.30
This area could become:
👉 either a dead-cat bounce
👉 or the beginning of actual stabilization
Confirmation still matters.
Things that would improve structure:
reclaiming higher levels
higher lows forming
buyers defending dips
green volume expanding again
⚠️ Important
The chart is still technically weak right now.
Every bounce so far has been sold.
So this is NOT confirmed reversal territory yet.
This is:
👉 early support-watch territory
🧭 Current view
Risk/reward starts becoming more interesting after prolonged selloff phases like this.
Especially when:
supply is relatively low
launch distribution cools down
volatility starts compressing
But patience matters.
No assumptions yet.
Watching for actual structure improvement.
DYOR