$OP just printed a classic trend-drain setup slow bleed, weak bounces and sellers staying in control the whole session.
Price moved from the $0.168 area down toward $0.136 with almost no strong reversal structure. Every attempt to bounce got sold into. That tells you this isn’t panic dumping, it’s steady distribution.
RSI sitting around the mid-30s shows weakness but not extreme exhaustion yet. This means price can still drift lower before a real relief move appears. Bears still have room.
Volume is interesting spikes come mostly with red candles, which confirms sell pressure rather than accumulation.
Key zones to watch:
• $0.136–0.134 → current support zone (critical hold level)
• $0.142–0.145 → first resistance if price rebounds
• $0.150+ → recovery confirmation area
Right now structure is simple:
Lower highs
Lower lows
Weak momentum candles
This is a bearish trend until proven otherwise.
What could change the picture?
If buyers reclaim $0.142 with strong volume and hold it, a relief bounce toward $0.15 becomes realistic. But if $0.134 breaks cleanly, sellers likely push for another leg down because there isn’t much recent support underneath.
Short term bias:
Trend = bearish
Momentum = weak but stabilising
Setup = possible dead-cat bounce if support holds
Translation: not a strong long yet. This is a wait-for-confirmation chart or a cautious bounce trade only. Real reversal starts when price stops printing lower lows and we’re not there yet.
DYOR