📉 $EVAA Consolidation Zone! Bouncing off $0.65—Can It Reclaim the $0.95 Resistance? ⚠️
EVAA Protocol (EVAA) is currently attempting to stabilize, trading at 0.8564 with a +9.42% relief bounce over the last 24 hours. After a sharp correction from its recent peak of 1.055, the price has found temporary support but remains under heavy technical pressure.
📊 Technical Breakdown (4H Timeframe)
Bearish Alignment: The price is currently trading below the EMA(25) (Pink at 0.8871) and the EMA(99) (Purple at 0.9544). These levels are acting as a major supply ceiling.
Support Test: A massive liquidity sweep down to 0.6490 shows significant buying demand at lower levels, which successfully defended the macro trend for now.
EMA(7) Recovery: The price has successfully reclaimed the EMA(7) (Yellow at 0.8460), turning it into immediate dynamic support.
Neutral Momentum: The RSI(6) is sitting at 50.89, indicating a transition from bearish momentum into a neutral consolidation phase.
Catalysts & Risks: While utility is expected to grow with the TRON/Ethereum bridge deployment in Q1 2026, the market is wary of potential sell pressure from ongoing community token unlocks.
🎯 Trade Setup (The "Reclaim" Play)
The trend remains Neutral-Bearish until the Purple Line is reclaimed.
🟢 LONG ENTRY (Breakout): 0.846 – 0.860 (Current Level / EMA 7 Re-test).
Target 1: 0.955 (Major Resistance / Purple EMA 99).
Target 2: 1.055 (Recent Local High).
🛑 Stop Loss: 0.780 (Below the recent consolidation base).
🔴 SHORT ENTRY (Rejection): 0.940 – 0.955 (If price stalls at the Purple EMA 99).
Target 1: 0.846 (Back to EMA 7).
Target 2: 0.650 (Retest of the wick low).
🛑 Stop Loss: 1.065 (Invalidation above the peak).
💡 The Verdict
EVAA is at a make-or-break point.
Strategy: Watch the 0.954 level closely. A 4H candle close above it signals a full recovery; failure there likely means another trip to $0.65.
Is EVAA building a bottom for a run to $1.50,