🪙 $RECALL Token Alert: $1.5994K Long Liquidation Hits $0.05363, Market Reacts
RECALL token just experienced a significant long liquidation of $1.5994K at the $0.05363 mark, sending immediate waves through traders and shaking short-term sentiment. The liquidation shows that bullish positions were aggressively stopped out, causing a sudden dip that tested key support levels. Analyzing the recent candlestick movement, RECALL has plunged through minor support near $0.054, finding temporary stabilization at $0.0535, while volume spiked sharply during the liquidation, highlighting panic-driven exits. The Relative Strength Index (RSI) has dipped to around 42, signaling a brief cooling period but still offering room for potential rebounds if buyers step in. MACD momentum is turning slightly bearish, with the signal line threatening to cross above, reflecting short-term downward pressure. On-chain data reveals smaller wallets exiting positions rapidly, while whale activity seems to be absorbing some of the selling, suggesting potential consolidation ahead. Bollinger Bands have expanded, indicating increased volatility and the possibility of sharp swings in either direction. Immediate support levels to watch are $0.053 and $0.0525, while resistance could form around $0.0545–$0.055 if recovery momentum builds. This long liquidation underlines RECALL’s volatile nature, creating both risk and opportunity for traders monitoring price action closely, as the market digests the impact of forced exits and sets the stage for the next move.
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