- Lower Highs & Lower Lows: The price consistently prints lower highs and lower lows, confirming a bearish structure.
- The price is moving along the lower band, indicating persistent bearish pressure.
- The middle band (moving average) is acting as a resistance level.
- Support: Around $0.20 - $0.21 (current price zone), as it appears to be stabilizing near the lower Bollinger Band.
- Resistance: Near $0.28 - $0.30 (middle Bollinger Band) and a stronger resistance at $0.35.
- Volume has been relatively low, suggesting weak buying interest.
- If $0.20 breaks down, the next strong support might be around $0.15.
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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.