$LYN
USDT Perp – Momentum Check After the Spike
LYN had a sharp impulsive move today, running from the 0.0945 base straight into 0.1246. That kind of expansion doesn’t happen quietly. Volume confirmed the move, especially on the 1H chart, where we saw a clear volume climax during the breakout phase.
After tagging the 0.1246 high, price has shifted into a short-term cooling phase and is now hovering around the 0.118–0.119 zone.
Market Structure
Trend remains bullish overall.
Higher highs and higher lows are still intact.
Current price is holding above the key breakout area.
Moving Averages
On lower timeframes, price is pulling back toward the short MA (7/25), which is healthy after a strong run.
On the 1H, price is still well above MA99, showing the larger trend strength hasn’t broken.
This looks more like consolidation than distribution for now.
Volume and momentum
Volume surged aggressively during the breakout, then tapered off which usually singals profit taking rather than panic selling
MACD on 15M is cooling down suggesting momentum is resetting. 👇
1H MACD is still positive through flattening hinting at pause rather than a reversal.👇
Key Levels to Watch
Support: 0.1129 – 0.1150 (previous breakout + MA confluence)
Intraday Support: 0.1180 zone
Resistance: 0.1246 (session high)
Extension Zone: 0.1260+ if momentum rebuilds
Bias As long as LYN holds above the 0.112–0.115 region, dips look corrective, not bearish. A clean hold and volume return could open another attempt toward highs. Losing that zone would mean deeper consolidation.
Patience matters here. After such a fast move, the market usually rewards those who wait for structure, not those who chase candles.
Always manage risk.
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