GRIFFAIN/USDT Perpetual is making a massive move! The chart shows a powerful uptrend, breaking out of a consolidation phase (visible in the daily candles) and registering a massive price spike.
Key Technical Observations:
Bullish Breakout: The price has decisively broken past previous resistance levels, reaching a recent high near $0.02646.
MA Cross: The short-term moving averages (MA 7 and MA 25) have crossed bullishly above the long-term MA (MA 99 - the purple line), confirming the strong momentum shift.
Volume Spike: The significant price increase is accompanied by a noticeable rise in volume (24h Vol is 2.14B), which adds credibility to the move.
Current Mark Price: $0.02284.
What to Watch Next:
Resistance: The immediate challenge is sustaining momentum after the initial wick up to the high. Watch for a re-test of the $0.026 area.
Support: The previous consolidation range and the now-rising MAs should act as strong support on any pullback.
Is this the beginning of a larger rally for GRIFFAIN? Trade smart, and always DYOR!
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