🚀 RESOLV Explodiu +30%: Is it Moon or Correction Ahead? 📉
The token $RESOLV has just shaken up the DeFi sector with an impressive rise of over 30% in the last 24 hours. While many celebrate the "massive breakout in DeFi", technical indicators are raising a yellow alert that you cannot ignore.
What is driving the rocket?
Solid Fundamentals: Updates to the protocol, including revenue redistribution and token buybacks, support the optimism.
Technical Momentum: The MACD shows a bullish crossover and moving averages confirm the upward trend.
But beware of the trap!
Overbought: The RSI has reached overbought territory, suggesting that a price pullback may happen soon.
Whale Risk: With a concentration index of 0.525, a few addresses hold a large portion of the tokens, which may cause sharp declines in case of a dump.
Profit Taking: Flow data shows recent selling activity and capital outflows.
Community sentiment remains largely bullish, anticipating new highs. However, the million-dollar question is: do you
buy the breakout or wait for the correction?
What is your strategy for RESOLV now? 🟢 Buy at the top or 🔴 Wait for the RSI to cool down?
#Resolv #defi #TrumpCancelsEUTariffThreat
