$ZAMA
🕯️ Candlestick Chart Analysis (Short-Term)
Since the token's launch two days ago, the candle patterns reflect a classic "Listing Pop & Drop" scenario:
The "Listing Wick" (Feb 2): On launch day, ZAMA opened with a massive green wick reaching highs around $0.068, driven by excitement over the Binance and OKX listings. However, the candle closed significantly lower (near $0.038) as early auction participants—who bought in at $0.05—faced "underwater" positions or sold to minimize risk.
The Bearish Marubozu (Feb 3): Yesterday’s candle was a long red body with almost no wicks, indicating that sellers were in total control. The price broke below the $0.035 support level.
Current Consolidation (Feb 4): Today’s candle is smaller, forming a "Doji-like" shape near $0.030. This suggests the aggressive selling is slowing down as the price approaches a psychological floor.
Technical Levels to Watch:
Resistance: $0.040 (The previous support-turned-resistance).
Support: $0.026 - $0.028 (The recent all-time low established post-listing).
🔍 Fundamental Outlook
The long-term value of ZAMA depends on its FHE technology adoption. While the current chart looks "bloody" due to post-launch sell pressure, the project remains fundamentally strong:
Massive Funding: Raised over $174 million, including a $118M public auction.
Protocol Utility: ZAMA is required for gas fees in encrypted transactions and staking for network security.
Upcoming Catalysts: Cross-chain launches and stablecoin integrations planned for the first half of 2026 could provide the "buy pressure" needed to reverse the current trend.$BTC $ETH #USIranStandoff #TrumpEndsShutdown #TrumpProCrypto #Zama