$TOWNS is still holding a bullish short-term structure despite the pullback from 0.00397, and buyers appear to be defending the higher support zone quite well 👀
The chart shows a strong impulsive rally followed by healthy consolidation above EMA(99), which keeps the broader momentum positive for now. Price is currently moving around EMA(7) and EMA(25), suggesting the market is cooling down before the next major move 📈
As long as TOWNS holds above the 0.00340–0.00333 region, bulls still maintain control. A breakout back above 0.00365 could reignite momentum toward the recent high near 0.00397 🚀
Key levels:
Support: 0.00340 → 0.00333 → 0.00314
Resistance: 0.00365 → 0.00383 → 0.00397
Current trend structure:
If buyers continue defending higher lows, TOWNS may build another bullish continuation setup. But losing the EMA(99) support could weaken momentum and trigger a deeper correction phase.
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