A sizable long liquidation suggests weak bullish positions have been cleared. Such resets can create healthier market structure if buyers step back in.
Support: $0.0840–0.0860
Resistance: $0.0895–0.0920
Next Target: $0.0960–0.1010
Maintaining support is crucial for recovery. A strong reclaim of resistance could signal renewed bullish momentum and attract additional buying interest. Wait for confirmation rather than anticipating the breakout.
#Arthur Hayes warns AI infrastructure bubble