Although the price hit a new high, the trading volume is shrinking, indicating a clear divergence between price and volume. Both RSI and MFI are in the severely overbought zone, suggesting buying momentum may be nearing exhaustion. The market feels heavy; as long as sellers remain active, downside potential could open up.
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$DRIFT has weakened after reaching a key resistance level, with a clear overbought signal. Sellers are mounting a rebound.
Go short on $DRIFT now
Entry: 0.089 – 0.091
Stop Loss: 0.0930
First Target: 0.0850
Second Target: 0.0830
Third Target: 0.0800
Although the price hit a new high, the trading volume is shrinking, indicating a clear divergence between price and volume. Both RSI and MFI are in the severely overbought zone, suggesting buying momentum may be nearing exhaustion. The market feels heavy; as long as sellers remain active, downside potential could open up.
Trade $DRIFT here 👇