🪙 $ZAMA Token Alert: $3.483K Long Liquidation Strikes at $0.02116, Market Reacts
ZAMA token just faced a heavy long liquidation of $3.483K at $0.02116, triggering an immediate downward ripple across traders and shaking short-term bullish positions. This liquidation indicates that buyers were aggressively stopped out, causing a sudden drop and testing critical support levels. The recent candlestick chart shows ZAMA breaking below minor support near $0.0213, with trading volume spiking sharply during the liquidation, signaling panic-driven exits. The Relative Strength Index (RSI) has dipped to around 38, suggesting the token is approaching oversold territory, which could create a short-term rebound opportunity. MACD momentum is showing bearish pressure, with the signal line moving closer to crossing above, reflecting potential continuation of the downward trend. On-chain activity highlights smaller wallets rapidly exiting positions, while some larger holders are absorbing the sell-off, pointing to possible consolidation in the $0.021–$0.0212 range. Bollinger Bands have expanded, indicating heightened volatility and the possibility of sharp swings in the near term. Immediate support levels to watch are $0.021 and $0.0208, while resistance could form near $0.0213–$0.0215 if buyers step back in. This long liquidation emphasizes ZAMA’s volatile nature, creating both risk and strategic opportunities for traders watching price action closely as the market digests forced exits and prepares for the next move.
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