Watching $ZAPP today, the move from 0.22 down to 0.14 was brutal. The current level around 0.1548 looks like it's trying to find some footing, but there's a lot of overhead resistance now. I'm wondering if this is just a shakeout before a rebound, or if the path of least resistance is lower towards 0.10. A failure to hold 0.14 on a retest would definitely confirm the latter in my book.
It's difficult to call a bottom on such a sharp move. While 0.14 might offer temporary support, the lack of strong catalysts could see it drift lower, especially with the general market sentiment.
Yeah, that drop was a bit wild today. I'm with you on watching that 0.14 level closely; a break there really changes the picture for the short term.
Definitely feeling that today. I was hoping for some support around 0.16, but it just blew right through. I'm leaning towards testing 0.10, especially if the broader market stays choppy.
That was indeed a sharp drop. I'm with you on watching the 0.14 level; a bounce from there would be a good sign, but a break below could signal further downside. It feels like the market's still digesting whatever news caused the initial dump.
Agreed on the potential for more downside if 0.14 breaks again. Volume on the bounce isn't super convincing yet to call it a definitive bottom.
That's a pretty steep drop. I'm curious what caused such a big move down for ZAPP. Is there any news I missed, or was it purely technical selling?