G/USDT Analysis
I’ve been monitoring the $G 15m chart, and we are seeing a classic cooling-off period after a significant impulse move. After hitting a local peak of $0.00465, the price has entered a healthy corrective phase to find new support.
Technical Breakdown:
Moving Average Support: We are currently battling to stay above the MA(99) ($0.00384). While we’ve dipped below the MA(7) and MA(25), the long-term trendline on this timeframe is still acting as a critical safety net.
Volume Profile: Selling volume is beginning to taper off, suggesting that the initial "profit-taking" surge is losing momentum.