Technical analysis shows a volatile recovery model
Near the extreme volatility trades over 24 hours ending on August 5, 2 p.m. Price swings $ 0.13, marking 5% between $ 2.57 and $ 2.44.
Morning Seloff hits hard at 07:00, driving nearly $ 2.48 to $ 2.44. The volume increases 3.2 million units, confirming heavy institutional dumping.
The support is $ 2.44 with solid volume support. The bulls intervene immediately. The recovery rally pushes almost $ 2.54 per session session. The technical reversal model emerges while buyers defend the key support area.
Technical indicators highlight market dynamics
- Price of the negotiation range of $ 0.13, which represents a volatility of 5% between $ 2.57 and $ 2.44 low during the session
- The morning accident from $ 2.48 to $ 2.44 at 7:00 a.m. triggers a peak in massive unit volume of 3.2 million, confirming institutional sales pressure
- The recovery phase establishes an upward channel with a support of $ 2.52 and resistance levels of $ 2.54
- The last hour from 1:09 p.m. to 2:08 p.m. offers a bullish escape model, displaying 1% gains
- The volume concentration reaches more than 100,000 units per minute for 13: 33-13: 39 window, signaling institutional accumulation
- The volume of trading falls zero in the last three minutes, suggesting an institutional positioning before the potential movement of the rupture
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