* **Price Level**: $LIGHT
is trading around **$1.43 to $1.48**. It has seen a massive weekly surge of over **136%** following a previous deep correction.
* **Trend Indicators**: The token recently flipped its **MACD** to a bullish crossover. However, the price is currently facing resistance from short-term EMAs after a mild intraday decline.
* **Key Support/Resistance**:
* **Resistance**: Immediate resistance is between **$1.60 and $1.65**. A break above this could target **$2.00**.
* **Support**: Critical support levels are established at **$1.30** and **$1.08** (200-day EMA).
### **The Likely Next Move**
1. **Bullish Continuation**: If LIGHT holds above the **$1.30 support**, analysts expect it to challenge the **$1.60 resistance**. Breaking this level would likely lead to a rally toward the **$2.00 target**.
2. **Short-term Consolidation**: The RSI suggests the token may have moved from oversold to potentially overbought territory, which could cause "sideways" movement between **$1.20 and $1.50** before the next breakout.
3. **Bearish Pullback**: If the price fails to hold the 200-day EMA near **$1.08**, a deeper correction toward the **$0.80 support** zone is possible.
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