Swell crypto saw a minor dip from $0.0483 but retained its bullish short-term market structure, and more gains are anticipated.
crypto has ascended past the short-term resistance at $0.4 and is in the price discovery phase once more. As a recently launched token, the bullish sentiment across the market is likely to aid theSince the token has been trading for a very short while, the price action data is extremely limited. On the 7th of November, SWELL was stuck below the $0.0393 level and unable to close a trading session above it.
At press time, the market price was hovering around $0.0453. A drop below $0.039 would flip the short-term structure bearishly. It could lead to a retracement toward $0.0375 and $0.0346, the next significant Fibonacci levels.In the early hours of the 8th of November, the price of Swell hovered around the $0.035-$0.038 region. This saw a build-up of short liquidation levels around $0.0382-$0.0394 that was swept in recent hours.
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