The liquidation sweep near $0.1054 reflects aggressive downside pressure that wiped out leveraged longs during a thin liquidity phase. Price has now stabilized just above a strong support cluster around $0.1015, a zone that historically triggered quick rebounds. Holding above this area sets up a recovery toward immediate resistance at $0.1120, where sellers previously defended strongly. A breakout above that level opens the door toward the next target around $0.1195, aligning with a prior consolidation range. Selling momentum appears to be cooling off after the flush, often a sign of temporary market bottoming. If support fails, a deeper pullback toward $0.0950 could occur before stronger demand steps in. For now, post-liquidation structure leans toward a corrective upside move as the market absorbs the shock. $ALGO
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$ALGO
The liquidation sweep near $0.1054 reflects aggressive downside pressure that wiped out leveraged longs during a thin liquidity phase. Price has now stabilized just above a strong support cluster around $0.1015, a zone that historically triggered quick rebounds. Holding above this area sets up a recovery toward immediate resistance at $0.1120, where sellers previously defended strongly. A breakout above that level opens the door toward the next target around $0.1195, aligning with a prior consolidation range. Selling momentum appears to be cooling off after the flush, often a sign of temporary market bottoming. If support fails, a deeper pullback toward $0.0950 could occur before stronger demand steps in. For now, post-liquidation structure leans toward a corrective upside move as the market absorbs the shock. $ALGO