SAPIEN/USDT is currently around $0.1244 after adding a substantial 9.2% in the past 24 hours, continuing with the recovery pattern and staying above the previous range. This indicates ongoing demand and not a flash in the pan, which is positive for the short-term structure.
The level of $0.120 will now become the major level to focus on from the downside. As long as the price trades above this level, the breakout will remain genuine, and support from the buyers will be witnessed. Losing this level will indicate slowing momentum and the possibility of a pullback to the level of $0.115.
On the flip side, the resistance is seen close to $0.130 to $0.135, where sellers could try to limit the advance. A strong break and close above that region would confirm that the upside is to continue and may attract buying to reach higher targets.
Currently, $SAPIEN maintains a technically bullish outlook as long as it stays above $0.120, though the market activity is pointing more toward a continuation move as opposed to a reversal.
#Sapien
