EVAA just staged a solid recovery from the 0.63 support level following a clean liquidity sweep on the sell side, triggering a sharp upward move. The momentum looks legit on the surface, but here's where it gets tricky—price is now bumping against resistance near the 0.85 zone, which is acting as serious supply pressure. The thing is, this rally hasn't done enough base-building work yet. You're seeing those classic inefficiencies that suggest the move might lack the staying power needed for a sustained breakout. Watch how price reacts to that 0.85 level—if it can't establish solid support there, we might see some consolidation before the next leg.
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EVAA just staged a solid recovery from the 0.63 support level following a clean liquidity sweep on the sell side, triggering a sharp upward move. The momentum looks legit on the surface, but here's where it gets tricky—price is now bumping against resistance near the 0.85 zone, which is acting as serious supply pressure. The thing is, this rally hasn't done enough base-building work yet. You're seeing those classic inefficiencies that suggest the move might lack the staying power needed for a sustained breakout. Watch how price reacts to that 0.85 level—if it can't establish solid support there, we might see some consolidation before the next leg.