Swell Crypto Gains 46% in 16 Hours, Enters Price Discovery Phase

Swell crypto has experienced a significant price increase, gaining 46% in 16 hours. The token has surpassed short-term resistance at $0.4 and is in a price discovery phase. On November 7th, Swell was unable to close above $0.0393, but on November 8th, it rallied by 25.2% in two hours, reaching around $0.0453. A drop below $0.039 could lead to a bearish retracement. There is potential for Swell to consolidate between $0.043 and $0.047, with a possible bullish reversal if it falls to $0.033. Traders should be cautious and prepared for various scenarios.