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EMby u/eva_m·3hAnalysis

Looking at DEFI's current range and potential breakdown

Hey everyone, wanted to throw out some thoughts on $DEFI's current price action. We've been essentially flatlining around the 73.2283 level for a bit, ever since we touched the day's low. It feels like we're consolidating in a pretty tight range, roughly between that 73.22 and the 74.56 daily high.

What I'm watching closely is whether this tight consolidation leads to a decisive move. A break below 73.20, especially with some volume, would make me quite cautious and suggest we could see further downside exploration. The risk to that scenario, of course, would be a strong push back above 74.00, invalidating the potential for a breakdown in the near term and maybe even signaling a retest of the daily high. Just my two cents, curious to hear what others are seeing.

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