$PLAY is showing a structured recovery.
Price is trading at 0.05117, up 5.77%, following a downside sweep to 0.04908. The long lower wick suggests sell-side liquidity was absorbed, with buyers stepping in decisively near the lows.
Volume confirms participation. 1.86B PLAY traded over the last 24 hours, translating to roughly $93.6M USDT in notional value. This level of activity indicates real positioning rather than a low-liquidity bounce.
From a technical perspective: Short-term support is forming around 0.0500–0.0508 Current price is attempting to hold above prior intraday equilibrium near 0.0510 Immediate resistance sits near 0.0529 The upper rejection zone remains around 0.0542
Holding above the 0.0510 area keeps the structure constructive and opens the door for a continuation move toward the upper resistance band. A failure to maintain this level would likely invite another test of the 0.0500 region and potentially the recent low.
Momentum is improving, but confirmation will depend on sustained acceptance above reclaimed support. The next candles are critical for defining direction.
