- Downtrend in progress: The price is making lower highs and lower lows, confirming a bearish market structure.
- Price below key moving averages: The candles are trading below the midline of Bollinger Bands and the moving average, indicating sustained bearish pressure.
- Resistance near $0.55–$0.60: Previous support now turned resistance, tested and rejected multiple times.
- Support zone near $0.48–$0.45: Recent lows and potential next area of demand.
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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.
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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.