09:20 UTC
Parabolic uptrend, extreme volatility · RSI 71 · price 80.343
Uptrend with deep weekly retracements after blow-off.
Multi-quarter parabolic uptrend remains intact, with price more than doubling since the September breakout above $48 and printing an all-time high at $121.63 in late January before a violent reversion. Price has since carved a wide $60-$95 weekly range as the trend digests that blow-off, and now sits near $80.34 in the middle of that range with EMA(50) on W1 well below price — macro structure is up but momentum has stalled. Weekly RSI cooling from extreme overbought while price prints lower highs since January is the dominant feature on this timeframe.
Support: 72.20, 60.98
Resistance: 84.65, 121.63
What it said to watch
- weekly close back above the 84.65 swing high reopens the path toward the all-time high at 121.63
- weekly close below 72.20 recent low confirms a lower-low and shifts the multi-quarter read
- loss of 60.98 Apr W low would mark a structural break of the post-September trend