The price has bounced strongly this week, rising +34% from the key support at 0.44 USDT. This shows the first meaningful buyer interest after a heavy multi-week dump from 2.20 → 0.44.
However, the overall trend is still bearish, with strong selling pressure, large volatile candles, and clear lower highs.
Key resistance is at 0.70–0.72 USDT.
If the price cannot hold above 0.55–0.60, a drop back toward 0.44 or even 0.35–0.38 USDT is likely.
However, the overall trend is still bearish, with strong selling pressure, large volatile candles, and clear lower highs.
Key resistance is at 0.70–0.72 USDT.
If the price cannot hold above 0.55–0.60, a drop back toward 0.44 or even 0.35–0.38 USDT is likely.
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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.