The price has printed another higher high, but the RSI has formed a double top and is failing to make a new high. That's a classic sign that momentum is weakening.
At the same time, futures volume keeps declining. Less participation while price pushes higher often raises the risk of a fake breakout or exhaustion.
📉 Price: Higher High 📉 RSI: Double Top (Bearish Divergence) 📉 Futures Volume: Decreasing
Bulls are still holding the trend for now, but if buying pressure doesn't return, this rally could run out of fuel.
Momentum is fading. The next move will likely decide whether this is a true breakout or just another bull trap.
Not financial advice. Always wait for confirmation before entering a trade.
shorted you from exact local top again, $BICO is some of the #indians most scammy currency and still available on major cex
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as it went from ath of 7 to this zones
CryptoHumble
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බෙයාරිෂ්
$BICO just retesting major #resistance zone see i had attached multiple pics with my analysis .... and i had also told only long if real change of character on #BICO performed and stabilized on 4 hr till then its #bearishmomentum
After an explosive rally of nearly 30%, $ZKP is beginning to slow down.
📈 What I'm seeing:
Price is struggling around $0.059 - $0.060 resistance.
Multiple candles are showing rejection near the recent high (0.0625).
Short-term MAs are starting to flatten.
Momentum is cooling after a strong impulse move.
🐂 Bullish Scenario
If buyers reclaim 0.0605 - 0.0625 with strong volume, the trend could continue toward a fresh breakout.
🐻 Bearish Scenario
If support around 0.0575 - 0.0580 fails, expect a deeper pullback toward the EMA zone before the next move.
One thing to watch is the funding rate, which remains heavily negative. That tells us many traders are still betting against the move. If buyers stay in control, another short squeeze can't be ruled out.
⚠️ Chasing green candles after a 30% pump is rarely the best strategy. Patience usually pays.
$BICO just retesting major #resistance zone see i had attached multiple pics with my analysis .... and i had also told only long if real change of character on #BICO performed and stabilized on 4 hr till then its #bearishmomentum
$BICO profits are still running as it is made for #bearishmomentum , also see my exact right prediction on this pair as most of the people kept longing it blindly and Liquidating themself