This one is interesting — it’s not clean momentum like COMP, and it’s not grind like BTC. It’s something in between.

Let’s break it down.

📈 1️⃣ Structure: Expansion → Pullback → Re-Engagement

Strong early push (up toward 0.062+)

Sharp selloff

Now price is hovering around the MA60 (0.0611)

That MA60 acting as dynamic support is important.

Right now price is basically sitting on trend support.

This is a decision zone.

📊 2️⃣ Volume Behavior

Big red spike during the selloff → real distribution happened.

Recent green spike → buyers stepped back in.

But follow-through is weak.

That means: Momentum buyers came in,

but conviction isn’t aggressive yet.

📌 3️⃣ Key Levels

Resistance:

0.0620–0.0625 (clear rejection zone, 24h high at 0.0625)

Support:

0.0608–0.0610 (current pivot)

0.0604 (local swing low)

0.0597 (trend invalidation zone short-term)

🧠 Order Book Insight

77% bids vs 22% asks — looks strong.

But be careful:

Order book imbalance doesn’t equal real buying pressure.

The earlier drop shows sellers are willing above 0.062.

So this is supportive, but not confirmation.