$MEGA USDT Perp Market Analysis
#MEGA USDT is under strong bearish pressure. Price is trading at 0.12820, down 11.54% on the day, showing aggressive selling momentum. The market failed to hold the intraday high near 0.15696 and sharply reversed, confirming weakness at higher levels.
Price is now trading below all key moving averages.
MA(7): 0.12984
MA(25): 0.13097
MA(99): 0.13758
This alignment signals a clear short-term and mid-term bearish trend. Any recovery attempts are facing rejection near the 0.130–0.131 zone.
The recent low at 0.12715 is a critical support. A clean break below this level can open further downside continuation. On the upside, 0.1317–0.1358 remains a strong resistance zone where sellers are active.
Volume has cooled after the dump, indicating consolidation, but structure still favors sellers unless strong buying returns.
Overall trend remains bearish until price reclaims key moving averages with volume confirmation. Trade with caution and strict risk management.
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