🚨 WATCH! $PLAY /USDT is hitting a critical "make or break" support level in the next 2 hours! 📉
Technical Analysis: Why is PLAY Crashing?
The market for $PLAY is currently under heavy bearish pressure, down 31.11% today as it struggles to find a floor.
Aggressive Downtrend: The price has plummeted from a high of $0.1346 down to $0.0512, currently trading below all major Moving Averages (MA7, MA25, MA99) on the 1H and 1D charts.
Support Breakdown: It just breached the $0.0549 level, and the next minor support sits at $0.0492. If this fails, the floor could drop significantly lower.
Oversold Territory: The Williams %R is at -97.07, indicating the asset is extremely oversold. While this often suggests a "dead cat bounce," the lack of buying volume (green bars) means sellers are still in full control.
Next 2 to 3 Hours Prediction: 🔻
Expect a brief consolidation or a small fake-out pump toward $0.052, followed by a retest of the $0.049 support. Without a massive spike in green volume, the bearish trend will likely continue.
Strategy Prediction: Bearish 🐻
Until PLAY reclaims and holds above $0.0568 (MA25), the trend remains firmly bearish.
Entry points 👉 $0.0510 – $0.0525 (Sell on rallies)
TP 1: $0.0492 🎯
TP 2: $0.0450 🎯
TP 3: $0.0410 🚀
STOP-LOSS: $0.0575 🛑 DYOR
Next move $PLAY? 🤔
Rebound soon 🚀
Continue dump 🔻
Stay flat ↔️
#play #CPIWatch #CZAMAonBinanceSquare #USNFPBlowout #TrumpCanadaTariffsOverturned $PLAY
