$GENIUS is facing its first serious test after the recent rally.
For those unfamiliar with #GeniusTerminal : it's a multi-chain terminal for trading across 150+ DEXs on 10+ blockchains. The platform combines spot trading, perpetual futures, cross-chain operations, portfolio management, and Ghost Orders. The project is backed by YZi Labs, and CZ is an advisor.
After a spike to around 0.65–0.75, the price encountered strong profit-taking and lost about 30% in a single session.
Now, $GENIUS is testing key support at 0.46.
📊 Levels:
🔹 Support: 0.46–0.47
🔹 Next Support: 0.42–0.44
🔹 Resistance: 0.49–0.50
🔹 Major Resistance: 0.55–0.60
Technically, the market remains under pressure as the price is below the 25-period moving average.
My scenario:
📈 A return above 0.50 could pave the way to 0.55–0.60.
📉 Losing 0.46 could lead to a drop into the 0.42–0.44 range.
Fundamentally, #Web3 infrastructure projects continue to attract attention, but right now the market is reacting more to price than to narratives.
Are we witnessing the final capitulation before a new rise, or is the correction for $GENIUS just beginning?
#Crypto #DeFi #Aİ
For those unfamiliar with #GeniusTerminal : it's a multi-chain terminal for trading across 150+ DEXs on 10+ blockchains. The platform combines spot trading, perpetual futures, cross-chain operations, portfolio management, and Ghost Orders. The project is backed by YZi Labs, and CZ is an advisor.
After a spike to around 0.65–0.75, the price encountered strong profit-taking and lost about 30% in a single session.
Now, $GENIUS is testing key support at 0.46.
📊 Levels:
🔹 Support: 0.46–0.47
🔹 Next Support: 0.42–0.44
🔹 Resistance: 0.49–0.50
🔹 Major Resistance: 0.55–0.60
Technically, the market remains under pressure as the price is below the 25-period moving average.
My scenario:
📈 A return above 0.50 could pave the way to 0.55–0.60.
📉 Losing 0.46 could lead to a drop into the 0.42–0.44 range.
Fundamentally, #Web3 infrastructure projects continue to attract attention, but right now the market is reacting more to price than to narratives.
Are we witnessing the final capitulation before a new rise, or is the correction for $GENIUS just beginning?
#Crypto #DeFi #Aİ