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$BASED Vertical Recovery: +90% Pump! Is the "V-Shape" Bottom Confirmed? Technical Analysis 📊
The market just witnessed a massive comeback! BASED/USDT has surged from its local bottom of $0.049 all the way to $0.146, marking a staggering +90.21% increase in a single day. If you missed the dip, here is the technical breakdown you need.
Technical Analysis (Daily Chart):
The "V" Recovery: After a sharp decline from $0.168, $BASED found a rock-solid floor at $0.04970. The subsequent breakout confirms a powerful trend reversal.
Moving Averages (MA): The price has aggressively crossed above the MA5 ($0.086) and MA10 ($0.071), indicating that the short-to-medium term momentum has shifted completely back to the bulls.
Volume Confirmation: We are seeing a massive surge in 24h volume (143.50M BASED), which is essential to sustain such a vertical move.
MACD Indicator: The MACD is on the verge of a bullish crossover below the zero line, with green histograms starting to expand. This usually signals the beginning of a sustained upward move.
Trade Setup & Targets:
Resistance: The next major hurdle is the previous peak at $0.168. If we break this, $0.20+ is the next logical target.
Support: In case of a pullback, look for buyers to step in around the $0.110 - $0.120 zone.
#AllbirdsPivotstoAI