$2Z trades at 0.08015, down 6.45% on the day, pressing directly against its MA60 (0.08016) — a razor-thin equilibrium where direction is about to be decided. Price has swept both sides of the intraday range (0.07966 – 0.08589), signaling aggressive liquidity hunting rather than clean trend continuation.
The sharp spike earlier was instantly rejected, confirming overhead supply dominance, while repeated dips toward 0.0797–0.0800 continue to attract bids, forming a compressed base. Volume remains active at 22.67M 2Z, showing participation hasn’t left — only conviction is paused.
Structure: Sideways-to-bearish
Bias: Neutral until MA60 breaks
Bull trigger: Clean reclaim and hold above 0.0810 → 0.0835 / 0.0859
Bear trigger: Loss of 0.0796 → 0.0775 zone
This is a pressure cooker. Expansion is coming — patience decides the winner.