WHITE up 51% – key levels to watch are $0.00115 support for a pullback and $0.00132 resistance. WHITE is already above all EMAs, and RSI is pulling back from peak values, but the strong impulse is facing an expected correction. Let’s examine the potential scenarios.
WHITE Overall Price Structure
WHITE recently experienced a sharp decline, but in recent days has shown an aggressive recovery. In particular, from $0.0008618, WHITE quickly moved up to $0.0010877 and faced resistance. At the same time, the local resistance and correction lasted briefly, and today we saw the achievement of a local high at $0.0013268. In parallel, WHITE rose above all EMAs but also reached an extreme RSI, which has now decreased to 70.
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WHITE EMA and RSI
- EMA-20 ($0.0011365) after a phase of active growth slightly loses its angle and begins to flatten, possibly indicating a weakening of upward pressure. A breakdown of EMA-20 to the downside may indicate a strengthening short-term bearish impulse, especially if it occurs with RSI below 63. On the other hand, holding above this level in combination with RSI rising above 65 may confirm the formation of support and an attempt at stabilization.
- EMA-50 ($0.0011244) and EMA-100 ($0.0011888) are located close to each other, forming a horizontal support cluster in the area of $0.00117–$0.00119. This configuration may potentially act as a buffer zone balancing supply and demand. However, a breakdown of this zone to the downside with confirmation from RSI < 60 and increasing volume may potentially signal the transition to a phase of deep correction and breakdown of the short-term bullish structure. At the same time, a renewed confirmation of this zone as support during price decline will be critical for maintaining the current upward trend.
- EMA-200 ($0.0012554) was tested twice with the formation of upper wicks without candle bodies above the level, indicating strong resistance and profit-taking in this area. The lack of consolidation above EMA-200 amid declining volume and falling RSI signals the exhaustion of the upward impulse. A renewed movement above this level with RSI > 68 may become a catalyst for a bullish wave restart.
RSI
The RSI indicator reached an extreme value of 73.64 at the peak of the impulse, then began to steadily decline and is currently holding around 70.6. If RSI fails to hold above 63 during local bounces, this may indicate a decrease in buying activity and a potential shift toward bearish dominance. A return of RSI above 68 with confirmation from price action may serve as an early signal of resumed bullish dynamics, especially if accompanied by a breakout above EMA-200.
WHITE Fibonacci Key Zones
- 0.236 ($0.0011837) was tested twice and also notably coincides with EMA-100, making this area the first critical support zone. Its breakdown to the downside will confirm increased correction pressure and may trigger a move toward $0.00114 (0.382) and $0.0010943 (0.5). A breakout of 0.236 to the upside with firm consolidation and RSI > 67 will confirm a recovery attempt.
- 0.382 ($0.0011418) intersects with EMA-50, forming the second line of defense for the bullish impulse. A breakdown of this level to the downside on high volume and RSI < 60 may indicate the breakdown of the short-term bullish structure and strengthening of seller control. However, it may serve as the last holding zone before a shift in trend momentum to a range or downward channel.
- 0.5 ($0.0010943) remains a likely deep correction zone without a breakdown of the entire uptrend, while 0.618 ($0.0010469) is the critical boundary below which the structure loses impulsive logic and transitions into a potential trend reversal phase. A breakdown of this zone, combined with RSI < 55, may indicate the end of the previous upward impulse.
Market Sentiment
I would describe the overall sentiment as cautiously optimistic, since, on one hand, there is a rapid recovery, but on the other, there are signs of overheating. The key focus is on the sustainability of the current growth and the ability to stay above the support clusters.
📈 Potential Bullish Scenario
- Confirmation. Two consecutive H1 closes above EMA-200 ($0.0012554) with candle bodies without long upper wicks, with RSI > 68 and rising volume.
- Target. Retest of $0.0013271, then expansion to the $0.00138–$0.00142 zone as a possible short-term breakout.
- Invalidation. Close below $0.0011418 (0.382 Fibo) with RSI < 60 and growing red candle volume.
📉 Potential Bearish Scenario
- Confirmation. Breakdown of 0.382 ($0.0011418) and EMA-50 to the downside with RSI falling to 58 or lower.
- Target. Test of 0.5 ($0.0010943) and if broken – decline to 0.618. ($0.0010469), which will indicate a deep correction from the impulse
- Invalidation. Return above $0.00121 with H1 close above EMA-20 and RSI > 65 on a candle without a lower wick.
✅ Potential Entry. On retest of the $0.00115–$0.00118 zone with a bullish candle closing above EMA-50 and EMA-100, with RSI rising above 63 and volume confirmation
🛑 Potential Stop. Below $0.0010390 (0.618 Fibo) or below the last HL, with RSI < 55 and close below EMA-100
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Conclusion
The zone between EMA-20 and EMA-100 remains critical for maintaining the upward structure. Although RSI indicates a slowdown in momentum and a possible alignment of pressure, the sustainability of this support will become a key indicator of short-term balance. If sellers strengthen, the risks of a deep correction remain, especially if the price drops below the previous consolidation area.
Keep attention on the price reaction around $0.00115, candle behavior near EMA-100, and RSI dynamics – these signals may potentially indicate the direction of the next impulse.
