Caution persists as positive Exchange Netflow highlights the potential for increased sell pressure.has skyrocketed 60%, aligning with broader market gains. This rally propelled its market capitalization to an impressive $1 billion in just 30 days.
The Fibonacci retracement tool highlighted the 0.382 level, situated at $1.83, as the nearest support zone. This represented a potential 18.14% drop from the recent peak before a recovery resumes. Exchange Netflow measures the difference between the inflow and outflow of an asset on exchanges. A positive Netflow indicates increased selling activity as assets are moved to exchanges for liquidation.
According to the chart, support levels may be found at the 0.382 Fibonacci retracement or potentially the 0.5 retracement level .Current market sentiment indicates a strong bullish outlook for SUPER, supported by key metrics within this range.
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