$TOWNS /USDT 4H MARKET UPDATE
Price trading at 0.00601 with a sharp -4.60% pullback after rejecting from 0.00650. Volatility remains active as price tests a critical demand zone.
Market Structure
Strong move up earlier, now healthy correction. Bulls defending the psychological 0.00600 area.
Key Levels
Immediate Support: 0.00600 – 0.00595
Major Support: 0.00570
Immediate Resistance: 0.00620
Major Resistance: 0.00650
Moving Averages
MA7: 0.00619 acting as short-term resistance
MA25: 0.00596 holding as dynamic support
MA99: 0.00621 cap for trend continuation
Order Book
Sellers dominant with ~67% pressure, indicating short-term caution but also potential squeeze if buyers step in.
Outlook
Hold above 0.00600 can trigger a rebound toward 0.00620 and 0.00650. Loss of 0.00595 may open a deeper retrace before next expansion.
Momentum is cooling, breakout or breakdown approaching fast.
