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Today, the altcoin is showing a bottoming rebound and a gradually strengthening, choppy uptrend. During the session, the intraday low dipped to $2095.35. The $2100 level offers strong support; then bulls launched an offensive, and the price kept climbing. Currently, it has held above $2110. In the short term, the moving averages have turned upward, and the technical outlook has turned bullish.
As of the time of writing, the altcoin is quoted at about $2116, with a 24-hour gain of nearly 2%. The intraday fluctuation range is $2086-$2154, and overall it is in a recovery rebound phase.
Support: Strong support at $2100; if it breaks, look for a pullback to the $2080-$2090 range
- Resistance: $2145-$2150 intraday high; if it breaks through, there may be a chance to test $2180
In the short term, with price backing against $2100 support, it leans bullish. If the market stabilizes in the $2105-$2108 range during a pullback, you may consider a small-sized long entry. Don’t chase after a break of $2150; be alert to repeated choppy swings.#币圈