$SERAPH has entered a critical phase of Bullish Consolidation after the panic of the last few weeks, which brought the price close to $0.034. The underlying indicators suggest that the 21-day trend may be about to reverse, but the community remains in a state of Cautious Waiting.
Technical Analysis (4-Hour Chart)
Battle Range: The price of $0.038771 is struggling in a narrow range between the support of $0.037 and the resistance of $0.043.
Strength Signal (MACD): The 4H MACD is bullish, and the 6 RSI is approaching 60. This indicates that buying momentum, while not massive, is dominant over short-term selling.
Critical Resistance: The key sell wall is at $0.043. The previous attempt to break this level failed because trapped holders sold to "break even."
Market Sentiment and Next Steps
The market is showing the psychology of exhaustion: Exhausted Sellers: The major panic sell-off has ended, confirmed by a bullish Daily MACD, signaling that the underlying trend seeks to reverse in the medium term.
Required Volume: To break the ceiling of $0.043 and confirm the reversal, an aggressive buying volume of more than double what was seen in the failed bounce (approximately $600,000 USD in a few hours) is estimated to be needed.
The Key: The market is waiting for a fundamental catalyst (burn event, game announcement, or listing) to inject this necessary volume.
