Despite the predominance of market selling, the price is being held up by limit demand and remains in a sideways trading phase. Abnormal liquidity density from below continues to curb the decline.
Table of content
In this market review, we are not attempting to predict the future; our task is to state the facts we have at the current moment. We base our actions on these facts, not on our expectations and hopes.
In the aggregated format, the cumulative predominance of sell market orders (red arrow) persists. This is clearly reflected in the cumulative delta histogram and indicates ongoing pressure from market sellers.
At the same time, limit orders consistently predominate over buy orders (green arrow). In the current market structure, it is these volumes that act as support, containing market selling pressure and limiting further declines.

The effectiveness of volume is once again beginning to shift in favor of buying: less volume is required to move the price up compared to downward pressure.

The heatmap shows pronounced anomalous clusters of buy limit orders slightly below the current price (blue rectangle). However, no obvious anomalous densities are observed above, emphasizing the concentration of liquidity below.

The Balance Index has shifted upward and is in the anomalous percentile zone, reflecting increased buying activity.

Price Dynamics
Despite the quantitative predominance of market sales, the price is showing a slight increase. Meanwhile, the volume of limit buy orders continues to increase.
After the last significant decline, the market entered a sideways trading phase. The price continues to move within the established range—neither the local minimum nor the local maximum are being updated.

How would you implement a trading idea in this situation?
Follow new insights in our telegram channel.
No need to invent complex schemes and look for the "grail". Use the Resonance platform tools.
Register via the link — get a bonus and start earning:
OKX | BingX | KuCoin.
Promo code TOPBLOG gives you a 10% discount on any Resonance tariff plan.