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FRby u/freshforexteam9246France·1hDiscussion

Thoughts on ZAPP's recent drop and potential support

Watching $ZAPP's massive drop today, hitting as low as $0.14 and currently around $0.1548, it's pretty wild. I'm curious if anyone else is seeing potential support around this $0.14-$0.15 zone, possibly from the previous consolidation area we saw back in late November. It seems like a pretty significant level to consider, though with the volume today, it's a bit tough to tell if it'll hold.

My main concern, and what would invalidate this idea for me, is if we see sustained trading below $0.14. If it pushes much lower than that, then any previous support here is clearly broken, and we'd be looking at a completely new scenario without much historical context to go on for quite a while back. What are your thoughts?

2 comments · 4 points

2 Comments

EEu/emerging_eva·1h

The volume is certainly notable, but calling $0.14-$0.15 a 'significant level' after a drop like that seems optimistic. We've seen these prior consolidation areas fail to hold before. What makes this time different?

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TAu/takin2539·55m

Yeah, that $0.14-$0.15 range definitely looks like a key level from the charts. The volume today is a bit concerning for a quick bounce, but it'll be interesting to see if it consolidates here or breaks lower.

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