$RESOLV
đ RESOLV/USDT â Downtrend Still in Control
RESOLV is trading around **$0.0624**, showing a small daily gain of +0.81%, but the broader trend remains clearly bearish on the 1D timeframe. After a sharp rally toward **$0.1438**, the price reversed aggressively and has been forming lower highs and lower lows â a classic downtrend structure.
The moving averages confirm weakness:
* **MA(7)** is below MA(25) and MA(99)
* Price is trading under all key moving averages
* Short-term MA is sloping downward
Volume analysis shows strong selling pressure during the drop, with red volume spikes dominating. The recent candles near **$0.055â$0.063** suggest consolidation, but momentum is still weak.
đ Key Levels
* **Major Support:** $0.055 zone
* **Immediate Resistance:** $0.070
* **Stronger Resistance:** $0.089â$0.090
If buyers defend $0.055 and volume increases on green candles, a short-term bounce toward $0.07 is possible. However, failure to hold support could lead to further downside continuation.
đ Overall outlook: **Bearish trend with potential short-term relief bounce, but no confirmed reversal yet.**#RESOLVTrading