Technical Analysis Shows Volatile Recovery Pattern
Near trading with extreme volatility over 24 hours ending August 5th 14:00. Price fluctuations $ 0.13, marking 5% between $ 2.57 top and $ 2.44 floor.
Morning -Salt hits hard at. 07:00 and runs close from $ 2.48 to $ 2.44. Volume spikes to 3.2 million units confirming heavy institutional dumping.
Support holds at $ 2.44 with solid volume backing. Bulls immediately steps in. Restore rally pushes close to $ 2.54 after session close. Technical Reversing pattern appears when buyers defend key support zone.
Technical indicators highlight the market dynamics
- Near positions $ 0.13 trading area representing 5% volatility between $ 2.57 high and $ 2.44 low during the session
- Morning accident from $ 2.48 to $ 2.44 at. 07:00 Massively triggers 3.2 million unit volume pike, confirming institutional sales pressure
- Restore phase establishes increasing channel with $ 2.52 support and $ 2.54 resistance levels
- Last hour from 13:09 to 14:08 delivers Bullish Breakout pattern that puts 1% gains
- Volume concentration strikes 100,000+ units per Minute during the course of 13: 33-13: 39 window, signaling institutional accumulation
- Trade volume falls to zero in the last three minutes, suggesting institutional positioning in front of the potential outbreak movement
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