Although SN73 has seen tentative bullish attempts and sentiment warming in the short term, the trading volume remains insufficient, and the key resistance level (recommended to refer to the median position, around **xx RMB/ton**) has not been effectively broken through. The market trend has yet to be confirmed. It is advised that investors use the interaction of trading volume and key price points as the core observation indicators. If a breakout is accompanied by increased volume, it is advisable to follow the trend; if volume fails to follow through or the price cannot hold above the median, be alert to trend reversals and pullback risks. Maintain a cautious strategy at high levels, and gradually enter at lower levels.

Recently, the market has begun to show signs of marginal improvement, with investor sentiment warming up in the short term. From SN73's candlestick chart, after consecutive adjustments, several small-bodied bullish candles have appeared, indicating that the bulls are making tentative entries. However, the trading volume has not increased significantly, showing that capital follow-through has not fully started yet. Further observation is needed to see if a more robust breakout with trading volume support can be formed.

SN73 is still operating within its previous consolidation range. The upper resistance remains concentrated near the median of the long-term downtrend channel, while the lower support is at the recent low formed by the bottoming retest. Although the price has attempted to return to the median of this range in the short term, it has not clearly reclaimed this position. Technical signals remain insufficient, which indirectly confirms that the market is still waiting for a more convincing turning point.

Considering the initial signs of improvement in recent market sentiment and candlestick technicals, it is still difficult to definitively state that SN73 has completely emerged from its consolidation pattern. In the short term, bulls need to increase trading volume and break through key resistance levels to confirm a new upward trend. If momentum fails to sustain, it may revert back to the range or even pull back further. Investors are advised to closely monitor the interaction between volume and key price levels to determine whether the trend continues or a false breakout risk arises.

Merit

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Live chart for Merit to USD conversion. Check out SN73 to USD prices in real time. Convert, buy, sell, and trade Merit on Bybit-eu.

Merit Price: SN73 Live Price Today | SN73 Market Cap & Chart Analysis | Bybit-eu

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SN73 price today is 0.98, with a live price change of -7.94 in the last 24 hours. Convert, buy, sell and trade SN73 on Bybit-eu.

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