$CITY /USDT — 15M Market Structure Update
CITY is grinding higher after absorbing the sharp rejection from the 0.66+ spike, with price now rebuilding above the MA cluster. The violent wick earlier shook out late buyers, but sellers failed to press follow-through — a sign of absorption rather than distribution.
Price is currently compressing around 0.65–0.653, and the tape shows steady bid support stepping in on dips. Momentum isn’t explosive yet, but structure is improving.
Defended support:
0.645–0.648 (buyers repeatedly stepped in, downside defended)
Current consolidation:
0.650–0.653 (tight range, volatility compression)
Resistance ahead:
0.660–0.664 (prior rejection zone)
Acceptance above opens 0.670+
Bias: Cautiously bullish — continuation favored while holding above 0.648.
Caution: A clean loss of 0.645 would weaken the reclaim and flip bias back to range-bound.
Right now, late sellers are getting trapped below reclaimed levels, and if volume expands into resistance, CITY has room for another leg. The tape favors patience, not chasing.
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