$CYS USDT PERP is cooling off after a sharp spike and rejection from the 0.3036 high, now trading near 0.2889 with a 6.99 percent daily drop. Price is slipping below the short-term EMA cluster with EMA 7 at 0.2908, EMA 25 at 0.2893, and EMA 99 at 0.2930 pressing hard from above, signaling fading bullish momentum.
Immediate support sits at 0.2825, followed by the major demand zone near 0.2690 where buyers previously stepped in aggressively. As long as 0.2825 holds, consolidation remains possible. A clean break below this level risks a deeper pullback toward the lower range. On the upside, bulls must reclaim 0.2930 and then 0.2980 to revive momentum and reopen the path toward 0.3050.
Volume remains active and volatility is elevated, confirming this is a distribution phase after expansion. The market is deciding whether this move was just a pause before continuation or the start of a deeper reset. The next push will define the trend.
CYS
Alpha
0.29541
-3.01%
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