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Wait, did everyone just stop selling $ZRO or is this actually a reversal starting?
Looking at the 1D chart and it’s finally showing some life. We’re sitting at 1.910 right now with a nice 3.19% pump today. After that ugly dip to 1.356 in early February, the price action has been forming a series of higher lows.
We just pushed past that 1.83 resistance level which is a good sign. The next major hurdle is around the 2.10 area. If we can clear that, we might actually see a run back toward the 2.50 range.
Volume is at 6.16M USDT which is decent but not crazy. The 7 day trend is up 17.8% so the momentum is definitely shifting back to the bulls for now.
I’m watching to see if we can hold 1.80 as new support. If it holds, I’m feeling optimistic. If we slip back under, it’s probably just another fakeout.
What’s the play here? Adding more or waiting for 2.00 to confirm?
#USIranTensionsImpactMarkets