$GHST has been in a clear downtrend with consecutive lower highs and lower lows. The recent move down toward the $0.08–$0.09 zone triggered a sharp reaction, followed by a massive bullish spike likely short covering or aggressive dip buying.

That long green candle is strong, but the immediate red follow-up shows volatility and profit-taking. Right now price is hovering around $0.145, which was previously minor support and now acts as a reaction level.

Key zones to watch:

$0.08–$0.09 → Major demand zone (recent bounce origin)

$0.16–$0.18 → Short-term resistance area

Above $0.18 → Structure may attempt stabilization

Below $0.08 → Continuation of broader bearish trend

$0.16–$0.18 is the first real resistance to reclaim.

If price stabilizes above that zone, structure could shift.

If not, this may remain a volatility spike inside a broader downtrend.

GHST

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