Looking at the daily SPOT chart with Fibonacci levels, price action is showing some key spots.
Support: 0.5 Fib at $0.1984 (aligns with S2 from the 4H series).
Resistance: 0.236 Fib at $0.2354.
Technicals show early signs of strength: price is above the BB center and SMA, though PSAR is still bearish. RSI sits above its MA but remains under the mid-level.
Overall, the chart suggests price is condensing before a move. Considering the macro (rate cuts pushing risk-on), positive crypto news, and a historically bullish Q4, odds lean upward.
Patience and risk management remain key, otherwise you risk getting liquidated and watching price climb without you.
Always take profits and manage risk.
Interaction is welcome.
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