š $GWEI Performance Snapshot
$GWEI just made a wild move. Price is sitting near $0.030, up 174%+, and the chart tells a story of extreme volatility followed by stabilization.
š What caught my attention
ā¢ Massive spike to around $0.13, followed by a sharp correction
ā¢ Price found a base near $0.011 and bounced strongly
ā¢ Now consolidating around $0.03, holding above short term averages
ā¢ Volume has cooled, suggesting panic selling is over
š Current structure This looks like post spike digestion. After an aggressive wick and dump, GWEI is moving sideways with smaller candles, which usually means the market is deciding direction.
š Levels Iām watching
ā¢ Support around $0.028 to $0.03
ā¢ Resistance near $0.035 Holding support keeps the recovery structure valid. Losing it could invite another shakeout.
š§ My take This is not a clean trend yet. Itās a high risk, high volatility zone. Iām personally waiting for confirmation instead of chasing the move.
Do you think $GWEI builds a real base here or was the spike just a one off šš„