Based on the $ZRO chart, the asset is trading at $2.282 after a strong V-shaped recovery from the 24-hour low of $1.613. Despite the broader 24-hour gain of +18.15%, price is currently consolidating below key moving averages at MA(7) $2.296 and MA(25) $2.316, indicating short term resistance. Volume has tapered off during this consolidation, suggesting a lack of immediate buying pressure. The MA(99) at $2.011 remains well below price, confirming the longer term trend turned bullish. Immediate resistance sits near $2.30, while support is found at $2.27 and $2.20. A breakout above $2.30 could target the $2.466 high, while a breakdown may lead to a retest of lower supports.
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