🧠 Technical Analysis
1. Historical Price Action
The asset saw a massive drop from above $0.20 to sub-$0.05 levels in early 2025.
Since then, price has mostly been range-bound, with a notable spike in late April but quickly retraced.
2. Current Structure
Higher lows are forming since the last spike, suggesting some accumulation or base building.
Price is attempting to break out of a consolidation zone, but no major breakout volume is visible in this chart.
3. Support and Resistance
Support: Around $0.035–$0.040 (where price repeatedly bounced)
Resistance: Around $0.060–$0.065 (area of previous spikes and wicks)
4. Heikin Ashi Candle Analysis
The recent candles are showing stronger bullish momentum, with minimal lower wicks, which is a bullish sign.
🔮 Bias
Bullish bias — cautiously optimistic.
Why:
The price is showing signs of accumulation, attempting to break out of a range.
Momentum is picking up, with higher lows and bullish Heikin Ashi candles.
However, we need a confirmed breakout above $0.060 with volume to fully shift into a bullish breakout phase.
✅ What to Watch For
Break and close above $0.060 on volume — bullish continuation.
Failure to break and fall below $0.040 — likely retest of lower support or prolonged consolidation.
Use trendline or moving averages to confirm trend shift (if not already present on your chart).
1. Historical Price Action
The asset saw a massive drop from above $0.20 to sub-$0.05 levels in early 2025.
Since then, price has mostly been range-bound, with a notable spike in late April but quickly retraced.
2. Current Structure
Higher lows are forming since the last spike, suggesting some accumulation or base building.
Price is attempting to break out of a consolidation zone, but no major breakout volume is visible in this chart.
3. Support and Resistance
Support: Around $0.035–$0.040 (where price repeatedly bounced)
Resistance: Around $0.060–$0.065 (area of previous spikes and wicks)
4. Heikin Ashi Candle Analysis
The recent candles are showing stronger bullish momentum, with minimal lower wicks, which is a bullish sign.
🔮 Bias
Bullish bias — cautiously optimistic.
Why:
The price is showing signs of accumulation, attempting to break out of a range.
Momentum is picking up, with higher lows and bullish Heikin Ashi candles.
However, we need a confirmed breakout above $0.060 with volume to fully shift into a bullish breakout phase.
✅ What to Watch For
Break and close above $0.060 on volume — bullish continuation.
Failure to break and fall below $0.040 — likely retest of lower support or prolonged consolidation.
Use trendline or moving averages to confirm trend shift (if not already present on your chart).
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.
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.