$PLUME it

PLUMEEthereum
PLUMEUSDT
0.01736
-1.08%

inches up 1.05% to 0.01727 USDT, struggling to gain momentum after being rejected from the 24-hour high of 0.01821. It holds above the daily low of 0.01693 on 3.34M USDT volume. The technical structure is a picture of congestion. Price is trapped in a tight range, trading directly within a dense cluster of converging Exponential Moving Averages: EMA(7) at 0.01739, EMA(25) at 0.01743, and EMA(99) at 0.01740. This triple EMA knot represents a formidable barrier and indicates a complete loss of trend momentum. The asset is coiling under intense pressure. A decisive breakout above the 0.01743 resistance or a breakdown below the 0.01693 support is imminent. The longer this compression lasts, the more violent the ensuing move will be. The market holds its breath.