🔍 Current Situation
Price: 0.002441
After a strong rise to around 0.0212, a very sharp correction occurred (distribution/profit-taking).
The last candle is a strong bearish one → clear selling pressure.
📉 Technical Indicators
RSI (6 / 12 / 24):
All are in severely oversold areas (RSI6 ≈ 6)
➜ This usually precedes a technical rebound, but not necessarily a direct reversal.
KDJ:
Values are almost negative → extremely oversold, with a possibility of a rebound.
Bollinger Bands:
The price broke the lower limit strongly → exaggerated movement (Overextension).
EMA / MA:
The price is below all moving averages (weak trend in the short term).
📊 Volume
High selling volume appeared with the decline
➜ Indicates strong liquidation, but often the bleeding calms down afterward.
🧱 Supports and Resistances
Supports:
🟢 0.0022 – 0.0020 Important current support
🟢 Breaking 0.0020 = risk of deeper decline
Resistances (in case of rebound):
🔴 0.0035
🔴 0.0055
🔴 0.0070 (Pivot resistance)
🧠 Expected Scenarios
Short technical rebound (most likely):
Due to severe selling saturation
We might see a rebound to 0.0035 – 0.0055
Volatility and accumulation:
The price moves sideways for days before any decision
Negative scenario:
Breaking 0.0020 with a daily close = additional weakness
✅ Conclusion
❌ Entering now is speculative only and not investment
✅ Best to wait for:
A reversal candle
Or stabilization of RSI and calm volume
⚠️ Do not chase the price, the market is now emotional
$ANKR $BULLA $GIGGLE
