The recent rise of ANIME has temporarily hit the brakes. Currently, the price is hovering around 0.00731, having fallen below the short-term moving averages (0.00745 and 0.00774 for 7-hour and 25-hour, respectively), but it hasn't broken the 99-hour moving average (0.00604). Overall, it feels a bit of both joy and concern.
Looking up, if it can stabilize in the range of 0.0077-0.0080 (short-term resistance), there is hope to move towards the range of 0.009-0.0093, which is not far from the recent high of 0.00927. Looking down, the recent support is at 0.0068-0.0060, and further down there is a more solid bottom at 0.00505.
The key now is the trading volume. When it was rising earlier, the volume was indeed good, but now it has started to shrink. To continue breaking through the short-term moving averages and previous highs, new buying pressure is necessary. Otherwise, it can only continue to grind within this range.
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GateUser-a180694b
· 10h ago
With the contraction in volume, it's really futile not to pump new buying interest; now it's just a matter of who is willing to catch a falling knife.
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RektRecorder
· 11h ago
The volume has shrunk... this is a dead signal, either it will break down or continue to kneel and grind.
The recent rise of ANIME has temporarily hit the brakes. Currently, the price is hovering around 0.00731, having fallen below the short-term moving averages (0.00745 and 0.00774 for 7-hour and 25-hour, respectively), but it hasn't broken the 99-hour moving average (0.00604). Overall, it feels a bit of both joy and concern.
Looking up, if it can stabilize in the range of 0.0077-0.0080 (short-term resistance), there is hope to move towards the range of 0.009-0.0093, which is not far from the recent high of 0.00927. Looking down, the recent support is at 0.0068-0.0060, and further down there is a more solid bottom at 0.00505.
The key now is the trading volume. When it was rising earlier, the volume was indeed good, but now it has started to shrink. To continue breaking through the short-term moving averages and previous highs, new buying pressure is necessary. Otherwise, it can only continue to grind within this range.