$LIGHT USDT โ Latest Market Analysis ๐
$LIGHT has delivered a strong bullish breakout, rallying sharply from the 0.88 support zone to above 1.18, printing a new intraday high near 1.196. Momentum is clearly in favor of buyers after a long consolidation phase.
Key Observations:
Strong impulsive move confirms trend reversal
Price holding above previous resistance โ now short-term support
Higher highs & higher lows on lower timeframes
Volume expansion supports the breakout strength
Important Levels:
Support: 1.14 โ 1.10
Immediate Resistance: 1.20
Next Upside Zone: 1.25+ if momentum continues
As long as price holds above the 1.14โ1.10 zone, the bullish structure remains intact. Expect volatility after such a fast move โ pullbacks can offer continuation opportunities.
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