DRIFT SLIDES THROUGH CRITICAL SUPPORT ๐จ๐
The
$DRIFT candle pierced the $0.02531 resistance early in the US session, flipping the prior order block into fresh supply. Volume topped $29โฏM, showing aggressive absorption as short pressure mounted. Momentum turned sharply negative, driving the 24โhour change to โ23.69% and a steep downtrend on the 1โhour chart. ๐
Price sits at $0.01888, just above the $0.01756 support that held during the last consolidation. A break below this band would expose
$DRIFT to deeper liquidity around $0.0169, hinting at a structural breakdown rather than a tidy correction. The market is probing the $0.01756 line for a bounce, but each tick remains fragile as the floor is tested. โ ๏ธ
The altcoin sector is in a riskโoff mode, draining order flow from speculative assets. The
$DRIFT 4โhour order block anchored at $0.02146 has collapsed, eroding the midโrange demand that held earlier this week. Without fresh capital, reโestablishing the $0.02146 cluster looks unlikely, keeping the downโmove entrenched. ๐ A volume surge near $0.02146 could hint at a shortโcover rally. ๐
Levels to monitor:
Watching support around $0.01756
Structure suggests resistance near $0.02146
Mid range area: $0.02100
DYOR
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