$EVAA 's chart shows a high-position pin bar with intense shakeout!!!
Short-term outlook is extremely weak: current price at 0.7135 is far below 1.0288, indicating that everyone who bought in the past 7 days is currently in the red, leading to heavy short pressure.
In the last 24 hours, 645 million tokens were traded, with a transaction volume reaching 659 million. This shows that during the crash, there was a significant amount of panic selling, but also a massive influx of capital entering around 0.66 to scoop up some bargains.
Volume remains steady: the current trading volume over the last 5 and 10 days is flat, meaning neither bulls nor bears have taken the upper hand. If the price breaks below the previous low of 0.6668 with increased volume, the chances of a continuation to the downside will rise significantly.
Strong resistance above at 1.0288; as long as we can’t reclaim the 1.0 integer level, it can only be considered an oversold bounce, not a reversal.
Critical support below: 0.6230. If this level is breached, it opens up the possibility of a drop down to 0.43; however, if we can stabilize with reduced volume in the 0.66-0.71 range, a very short-term technical bounce might occur.
Short-term outlook is extremely weak: current price at 0.7135 is far below 1.0288, indicating that everyone who bought in the past 7 days is currently in the red, leading to heavy short pressure.
In the last 24 hours, 645 million tokens were traded, with a transaction volume reaching 659 million. This shows that during the crash, there was a significant amount of panic selling, but also a massive influx of capital entering around 0.66 to scoop up some bargains.
Volume remains steady: the current trading volume over the last 5 and 10 days is flat, meaning neither bulls nor bears have taken the upper hand. If the price breaks below the previous low of 0.6668 with increased volume, the chances of a continuation to the downside will rise significantly.
Strong resistance above at 1.0288; as long as we can’t reclaim the 1.0 integer level, it can only be considered an oversold bounce, not a reversal.
Critical support below: 0.6230. If this level is breached, it opens up the possibility of a drop down to 0.43; however, if we can stabilize with reduced volume in the 0.66-0.71 range, a very short-term technical bounce might occur.