Trend: Price is following an ascending channel (orange lines), and it's nearing a key support level.
Support: The green support around 0.14–0.15 is a critical level, and a break below this could lead to further downside.
Resistance: Resistance is at 0.30–0.40, where the price has previously faced rejection.
Volume: Volume is still low, indicating weak momentum.
Price Action: Watch the price action near 0.15. A bounce could target 0.30–0.40, but if the price breaks below 0.14, further downside toward 0.10 is possible.
Support: The green support around 0.14–0.15 is a critical level, and a break below this could lead to further downside.
Resistance: Resistance is at 0.30–0.40, where the price has previously faced rejection.
Volume: Volume is still low, indicating weak momentum.
Price Action: Watch the price action near 0.15. A bounce could target 0.30–0.40, but if the price breaks below 0.14, further downside toward 0.10 is possible.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.