B3 Market Analysis

• B3 wild swings and reversals signal a breakout as buyers and sellers fight for supremacy.
• A wedge breakout predicts a possible 171% rise to $0.016104 if momentum persists.
• Liquidity sweeps and resistance tests indicate uncertainty, with key levels guiding direction.

B3 on Bybit has experienced sharp swings, highlighting shifting market conditions and rising volatility. Strong fluctuations suggest a major move as bulls and bears battle for control, adding uncertainty to the next breakout.

Market Trends and Recent Developments

The 30-minute time frame reveals a strong uptrend from the 7th that took the price to all-time highs by the 11th, after which the trend turned on rising selling pressure. There was sustained volatility leading to a continuous downtrend from the high as participants rebuilt positions.

Source: Trading View

On the 13th, price action was in a tight range, but a sudden drop and rapid bounce on the 15th showed possible liquidity sweeps or inefficiencies. The latest recorded price is $0.006128, showing a 0.41% increase. The high of the session was $0.006142 and the low $0.006098. The volume was unchanged at 3.55 million, indicating steady market activity. The candlestick pattern shows shifting bullish and bearish forces.

The initial rally was indicative of good buying, but profit-taking and resistance levels prompted a pullback. The sharp fall and fast rebound are indicative of heavyweight market players undertaking high-volume transactions.

Technical Analysis and Market Outlook

Javon Marks has identified a declining wedge configuration with recent price activity having broken out above a logarithmic level of resistance. He indicates that this move could mark a potential bullish reversal if momentum continues. Market players are closely monitoring price action to gauge the next trend.

Source: Javon Marks

Marks has set a breakout point at $0.016104, hoping for a possible 171% increase if buying pressure persists. He also observes that similar past trends have led to longer-term bull runs. If momentum continues, resistance levels will be challenged. However, if selling pressure returns, support could again be tested before the next major move.