Summary
• Price action formed a bullish reversal pattern after hitting a 24-hour low at 1.496e-05.
• Strong volume-driven rally above 1.51e-05 suggests buyers regained control.
• RSI and MACD confirmed positive momentum, with RSI entering overbought territory near 70.
GUNZ/BNB opened at 1.499e-05 on 2025-12-11 12:00 ET, traded as high as 1.59e-05 and as low as 1.496e-05, and closed at 1.654e-05 on 2025-12-12 12:00 ET. Total volume was 2,423,175 and turnover reached 164.65
over 24 hours.
Structure & Formations
Price found key support at 1.496e-05, followed by a powerful bullish breakout above 1.51e-05. A long lower shadow at the low of the session formed a potential reversal pattern, which was confirmed by follow-through buying in the morning. Resistance appears to be forming at the 1.65e-05 and 1.666e-05 levels.
Moving Averages
On the 5-minute chart, the 20- and 50-period EMAs both trended higher, confirming the bullish momentum. The 200-period SMA on the daily chart remains a major psychological level to watch, currently at around 1.60e-05.
MACD & RSI
The MACD crossed above the signal line in the early morning, aligning with the breakout. RSI surged past 70, indicating overbought conditions, which could signal a short-term pullback. However, bullish momentum remains intact.
Bollinger Bands
Volatility expanded significantly during the breakout above 1.51e-05 and widened further in the morning session. Price remains above the 20-period upper Bollinger Band, suggesting strong conviction in the upward move.
Volume & Turnover
Volume spiked above 135,000 during the 04:00–06:00 ET period, coinciding with a sharp price increase. Turnover also rose in tandem with price action, confirming the legitimacy of the bullish move.
Fibonacci Retracements
The 5-minute retracement levels show that the 61.8% retracement of the 1.496e-05 to 1.59e-05 move aligns with the current price area around 1.65e-05. This level could serve as a key consolidation point before the next phase.
Buyers appear to have control in the short term, with price action and indicators all pointing higher. However, overbought conditions and high volatility suggest a potential pullback could occur in the next 24 hours. Investors should monitor volume and price reactions at key resistances for confirmation of the next move.
Comments
No comments yet