$RE Still Finding Its Footing After a Brutal Drop
This chart has a lot of history packed into a short timeframe so let me break it down.
The launch was insane price rocketed up to 1.0943 right out of the gate, then completely collapsed to 0.0500. That's not a dip, that's a near total wipeout. Classic new listing pump and dump behavior that wiped out anyone who bought the top.
What happened next is actually the more interesting part. Price didn't just die at 0.05 it recovered hard, ran back up toward the 0.68-0.70 area, and has been consolidating in that zone ever since. Currently sitting at 0.6350, up 3.27% today with a 24h range of 0.5802 to 0.6504.
Volume is the concern right now though. 10.2M RE traded but MA(5) is sitting at 21.6M and MA(10) at 13.6M meaning current volume is well below recent averages. The momentum from that recovery bounce is fading.
RSI at 51.43 is neutral, right in the middle, not giving a strong signal either way. MACD is still in negative territory with DIF at -0.0132 and MACD histogram still slightly red no confirmed bullish crossover yet.
The 0.58 level is the immediate support to watch. Hold that and there's a case for pushing back toward 0.68-0.70. Lose it and the chart gets messy again fast.
$TLM $BREV
This chart has a lot of history packed into a short timeframe so let me break it down.
The launch was insane price rocketed up to 1.0943 right out of the gate, then completely collapsed to 0.0500. That's not a dip, that's a near total wipeout. Classic new listing pump and dump behavior that wiped out anyone who bought the top.
What happened next is actually the more interesting part. Price didn't just die at 0.05 it recovered hard, ran back up toward the 0.68-0.70 area, and has been consolidating in that zone ever since. Currently sitting at 0.6350, up 3.27% today with a 24h range of 0.5802 to 0.6504.
Volume is the concern right now though. 10.2M RE traded but MA(5) is sitting at 21.6M and MA(10) at 13.6M meaning current volume is well below recent averages. The momentum from that recovery bounce is fading.
RSI at 51.43 is neutral, right in the middle, not giving a strong signal either way. MACD is still in negative territory with DIF at -0.0132 and MACD histogram still slightly red no confirmed bullish crossover yet.
The 0.58 level is the immediate support to watch. Hold that and there's a case for pushing back toward 0.68-0.70. Lose it and the chart gets messy again fast.
$TLM $BREV