Today we observe @Fabric Foundation ($ROBO in a necessary "cooling" phase following recent volatility. Currently trading at $0.04005, the asset is demonstrating that the $0.040 level has shifted from being a resistance to a fundamental psychological and technical support.

Technical Breakdown:

Moving Averages: The price is locked in a tight battle with the MA7 ($0.04022) and the MA25 ($0.04033). This tightening of the averages usually precedes an expansion movement.

Market Strength: The RSI(6) is situated in a neutral territory of 40.55, which tells us that the asset is not overbought and has enough "fuel" for a new bullish push if buying volume increases.

Volume: Although the volume has slightly decreased to 8.87M USDT, liquidity remains healthy for a token of its category.

Conclusion:

This lateralization is positive as it allows for building a solid base to test the $0.042 zone again. RIGHT NOW IS A GOOD TIME FOR AN ENTRY, for a few hours at a price below the base... AND we continue with our eyes on the long term! #ROBO