Near the protocol, a turbulent 24-hour stretch endured between July 22, 15:00 and 23 July 14:00, which fell from $ 2.97 to $ 2.81 in a 5.41% trait that emphasized wider weakness over the Altcoin complex.
The token traded within a fleeting $ 0.28 range and topped at $ 3.04 before falling to an intradag -low -low of $ 2.76. The sharpest sale occurred during the 23rd of July 13:00 Times so tumbled from $ 2.84 to $ 2.76, with trading volumes that pointed to 14.19 million tokens-nest five times its 24-hour average.
This dynamic established considerable resistance to $ 2.84, suggesting that dealers will see this level of signs of reversing.
During a critical hour from 13:10 to 14:09 UTC, almost briefly stabilized after throwing 2.46% from $ 2.84 to $ 2.77, before they reached $ 2.80.
Trade intensity peaked between 13:41 and 13:51, when over 850,000 units changed hands per day. Minute, highlighting the fragility of support near $ 2.76.
While rebound suggests a potential short-term consolidation, the wider Altcoin market’s softness raises questions about whether nearly maintaining upward speed.
Adding to the mixture, near Foundation’s partnership with EverClear to develop infrastructure across chain, it could be like a catalyst for renewed interest. Meanwhile, the merchants continue to see the increase in narrative -driven projects such as Magacoin Finance, which has redirected speculative capital as close to fighting development delays that enter the 4th quarter of 2025.
Technical analysis
- Price Action: Nearly, 5.41% dropped from $ 2.97 to $ 2.81 (22 to 23 July) with a trade area of $ 3.04 (high) to $ 2.76 (low).
- Volume Spike: 14.19m -Tokens exchanged under Peak Salgoff, well above the daily average of 2.89 m.
- Resistance Level: $ 2.84 established as significant overhead resistance after several failed gene tests.
- Support Level: $ 2.76 held as a key floor under volatility with high volume.
- ALTCOIN -CONTEX: Wider market weakness weighs on the nearest recovery prospects.
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