$OWL Market Outlook: Technical Breakdown

​The price is currently at a "make or break" junction.

​Moving Averages: You are sitting right on the MA(25) (the purple line at $0.0198). If the price closes a few more 4-hour candles below this, it confirms a loss of short-term momentum. The MA(7) (yellow) is already sloping down, acting as immediate overhead resistance at $0.0202.

​MACD & SAR: These are both flashing bearish signals. The MACD histogram has turned red, and the SAR dots (the yellow dots above the candles) indicate that the bears currently have the upper hand.

​Volume: Trading volume has been tapering off since the peak at $0.028. In crypto, lower volume during a price drop often suggests a lack of buying interest to defend the current level.