Here’s a detailed market breakdown for $CITY /TRY (Manchester City Fan Token):
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🏙️ $CITY /TRY Overview
💰 Current Price
₺41.30
USD Equivalent: $1.04
📈 24h Change: +1.98% → Slight bullish move
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📊 24h Trading Data
High: ₺43.30
Low: ₺39.90
Volume (CITY): 391,706
Volume (TRY): ₺16.34M
> Price recovering after testing ₺39.90 (24h low)
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📈 Order Book Depth
Resistance Levels:
₺42.00 → ₺42.70 → ₺43.30 → ₺43.50 (Zone of congestion)
Support Levels:
₺40.50 → ₺39.90 (tested support) → ₺39.70 (next line down)
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📉 Volume & Moving Averages
Recent Volume: 313.15
MA(5): 14,733
MA(10): 33,831
> 📉 Volume currently low, but price is moving up → could mean low-resistance upside, but needs confirmation.
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📊 Technical View
Indicator Status
Trend Weak bullish recovery Momentum Mild — not supported by strong volume Support Zone ₺39.90 – ₺40.50 Resistance Zone ₺42.00 – ₺43.30 Short-Term Bias Neutral-to-bullish
> ⚠️ Key Note: If volume remains weak and price stalls at ₺42–₺43, a pullback is likely. Holding above ₺40 is essential to maintain a positive structure.
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🔍 Summary
Recovery in progress but volume is light, which may limit upside.
Watch for breakout above ₺43.30 to confirm strong buying interest.
If it fails, a return to ₺40.50 or ₺39.90 is probable.
Recent Vol: 1.28M ANIME — low action after the dump
📌 Bearish trend dominating, support may be tested again.
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🔄 Money Flow & Sentiment
🚪 Strong outflow — steep -12.5% loss
🧩 "NFT" tagged = trend-based token
⚠️ Weak demand & low bounce interest
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🎯 Example Trade Setup
Entry: ₺1.045
Stop-Loss: ₺1.020
Target: ₺1.112
R:R: ~1:3 ✅
📌 Aggressive dip-buyers might catch a bounce — riskier near breakdown level.
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📌 Summary
✅ Positives ⚠️ Negatives
Price near all-time low 🔎 -12.5% dump, no recovery yet 📉 High NFT hype potential 🎨 Weak volume and momentum ⚠️ Bounce play possible 🎯 Below major MAs & heavy selling 🛑
Recent Vol: 65K SOLV — activity cooling off after strong move
📌 Price approaching resistance; momentum slowing — watch for breakout or fade.
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🔄 Money Flow & Sentiment
📈 Positive flow — marked buy interest
🧬 Tagged “DeFi Gainer” — trend-friendly token
⚠️ Cooling volume = cautious near resistance
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🎯 Trade Setup (Example)
Entry: ₺1.800
Stop-Loss: ₺1.740
Target: ₺1.860
R:R: ~1:3 ✅
📌 Bounce traders may consider riding momentum, but watch resistance carefully.
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📌 Summary
✅ Strengths ⚠️ Risks
Daily gain +7% 🚀 Volume dropping post-surge ⚠️ Clear resistance zones 🔍 May stall near highs if no push 🔄 Momentum from DeFi trend 💡 Short-term overbought risk 📉
FET has respected the ascending trendline beautifully, bouncing right from it after a sharp drop from the upper parallel channel. Buyers are stepping in again, hinting at a short-term reversal and potential rally!
🧠 Market Snapshot: Current Price: $0.743 Bullish trendline intact Buy pressure returning at key support zone 🚀 Trade Setup:
Entry: $0.743
TP1: $0.752
TP2: $0.759
SL: $0.731
A clean invalidation below $0.731 keeps risk tight while allowing for a strong risk-reward setup if momentum builds.
Momentum Note: Watch for a breakout above $0.745 to confirm buyer strength before scaling in.