nownodes

$NOW /USDT — Recovery Mode Activated, Resistance Zone Approaching

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$NOW /USDT is recovering from a low of 113.6 and currently trades at 124.5 (+8.63%).
➤ Buyers have stepped back in after a significant decline from 133.5.
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📊 Technical Analysis
➤ Previous trend remained bearish from 133.5 → 113.6.
➤ Price is now challenging key moving averages:
① MA5: 122.1
② MA10: 120.3
③ MA20: 118.1
✔︎ Important structural test underway.
➤ Volume remains modest and needs confirmation.
➜ Thin order-book liquidity could increase volatility.
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📌 Key Levels
➤ R1: 124.5
➤ R2: 128.0 – 133.5
➤ S1: 120.0
➤ S2: 113.6
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🟢 Bullish Scenario
✔︎ Hold above MA levels
✔︎ Volume increases
➜ Targets: 128.0 → 133.5
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🔴 Bearish Scenario
✔︎ Rejection near 124–125
✔︎ Break below 120.0
➜ Retest of 113.6
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⚪ Neutral Scenario
➜ Consolidation between 120–125
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🔎 Outlook
✔︎ Recovery is underway.
✔︎ Overhead resistance remains significant.
✔︎ Volume expansion is needed to confirm trend reversal.
➜ Watch 124.5–125.0 closely as the immediate decision zone.

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