Wait, did you see that bounce?



$DRIFT ‌ is trying to pull a fast one here. After that absolute waterfall dropped from the 0.09 area, it finally found some floors around 0.025. It’s a massive relief rally but don't get too excited just yet.

The price action is currently scraping against a minor resistance zone near 0.036. Volume is okay but not exactly screaming "moon mission." We’re basically seeing a classic dead cat bounce attempt after being oversold for weeks.

If it can close a daily candle above 0.037, we might see a run toward the 0.05 level. But if it loses this tiny bit of momentum, expect a retest of those lows. I’ve been watching the 1D candle closely before even thinking about it for a long time.

Be careful with this one, the trend is still technically down.

What's your move here? Holding or folding?

#GateSquareAprilPostingChallenge
DRIFT15,11%
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin