LIGHT has shown a strong reaction from the $0.70–$0.72 demand zone, where buyers stepped in aggressively after a prolonged downtrend. This area acted as a key accumulation region, giving the market enough strength to trigger a short-term bullish reversal.
The downtrend intensified earlier after repeated rejections near the $0.93–$1.01 resistance range, aligned with the 0.5 and 0.618 Fib levels, confirming strong seller pressure at higher levels.
This decline also pushed LIGHT below all major EMAs — 20 EMA ($0.712), 50 EMA ($0.777), 100 EMA ($0.893), and 200 EMA ($1.013) — turning them into stacked resistance zones during any upward recovery attempt.
The current bounce is technically constructive. LIGHT has reclaimed the 0.236 Fib ($0.788) and is now attempting to move toward the 0.382 Fib ($0.867). A breakout above this level would open the door to the more critical 0.5 Fib ($0.931), which aligns with a heavy supply zone on the chart.
A stronger bullish continuation would only be confirmed once LIGHT breaks and holds above $0.996–$1.01 (0.618 Fib & 200 EMA) — a major structural point where previous rallies failed.
On the downside, as long as the price stays above $0.71–$0.72, bulls maintain control of the short-term trend. A breakdown below this region could drag LIGHT back toward $0.65, the next major demand level.
The RSI is holding above 67, showing rising momentum but approaching the overbought region, suggesting the next move could be a pullback before continuation.
📊 Key Levels
Resistance
$0.867 (0.382 Fib)
$0.931 (0.5 Fib)
$0.996–$1.01 (0.618 Fib + major resistance)
$1.08 (0.786 Fib)
Support
$0.788 (0.236 Fib)
$0.71–$0.72 (major support zone)
$0.65 (extended demand)
RSI
67.31 — strong momentum, approaching overbought
📌 Summary
LIGHT is showing a strong relief bounce from the $0.70–$0.72 support area, reclaiming short-term Fib levels and aiming toward the crucial $0.93–$1.01 resistance range.
A breakout above this zone could shift the trend bullish, while failure may trigger a retest of lower support.
🔥 I was give signal for spot trade today — hit successfully.
