NUAI experienced significant volatility. Following news of a lawsuit against the company and CEO in New Mexico, the stock price came under pressure. The key support level was set at $2.36, and although it briefly fell to a low of $2.01 during trading, the closing price ultimately held at $2.37. This support level was not effectively broken — which is crucial. From a technical perspective, when a key support line is maintained under extreme selling pressure, it often indicates the accumulation of reverse momentum. Currently, we see a clear upward movement. The price rebounded from the extremely pessimistic $2.01 to $2.37, reflecting the exhaustion of the bears and the intervention of buyers. Whether this rebound can continue depends on whether it can break through the resistance above. But based on the performance of the support level, the short-term technical outlook has already shown positive signals.
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TokenUnlocker
· 10h ago
The lawsuit is coming, but the support still holds. This short position is really losing momentum.
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ETH_Maxi_Taxi
· 10h ago
The support level has held, which is the key. The bottom at $2.01 hasn't been broken, indicating that there are still buyers. Whether the rebound can stabilize above $2.37 is what to watch.
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GasFeeCrier
· 10h ago
Lawsuit causing a dump, the support level held, is this rebound really happening? Honestly, it's a bit uncertain.
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BearHugger
· 11h ago
With such heavy litigation pressure yet still holding the support, it indicates that someone is indeed bottom-fishing.
NUAI experienced significant volatility. Following news of a lawsuit against the company and CEO in New Mexico, the stock price came under pressure. The key support level was set at $2.36, and although it briefly fell to a low of $2.01 during trading, the closing price ultimately held at $2.37. This support level was not effectively broken — which is crucial. From a technical perspective, when a key support line is maintained under extreme selling pressure, it often indicates the accumulation of reverse momentum. Currently, we see a clear upward movement. The price rebounded from the extremely pessimistic $2.01 to $2.37, reflecting the exhaustion of the bears and the intervention of buyers. Whether this rebound can continue depends on whether it can break through the resistance above. But based on the performance of the support level, the short-term technical outlook has already shown positive signals.