Current Price Action
Price: $0.1123
24H Change: -7.50% (short-term bearish pressure)
24H Range: $0.1108 – $0.1311
Price is trading near the lower half of the daily range → sellers still dominant.
🔹 Trend Analysis
Moving Average (MA60)
MA60 ≈ 0.1122
Price is just around / slightly above MA
Earlier candles show price below MA with MA sloping down 👉 Indicates overall downtrend, but momentum is slowing.
🔹 Structure & Momentum
Short-term movement
After a sharp drop, price formed:
Higher lows
Small upward swings
Looks like mini recovery / consolidation
This suggests: 👉 Short-term bounce attempt, not a confirmed reversal yet.
🔹 Volume
One large red spike earlier → strong selling pressure
Recent volume decreasing 👉 Buyers are not strong yet, recovery lacks conviction.
Low volume = weaker breakout chances.
🔹 Support & Resistance Levels
Key Supports
$0.1108 (24H low)
$0.1110 – 0.1115 zone (recent base)
If breaks → could fall toward $0.108–0.105
Key Resistances
$0.115
$0.118–0.120
$0.131 (major daily high)
Needs strong volume to break above 0.120.
🔹 Market Sentiment
Order book: 49% buy vs 51% sell 👉 Slight bearish bias, almost balanced.
📈 Scenarios
Bullish case
If price:
Holds above 0.111
Breaks 0.115 with volume
Targets: 0.118 → 0.120 → 0.131
Bearish case
If price:
Breaks 0.1108
Targets: 0.108 → 0.105
🔥 Summary
Overall trend: Bearish
Short-term: Sideways to mild recovery
Volume: Weak
Best setup: Wait for breakout or clear support bounce