$RESOLV on the Edge – Breakdown Warning or Hidden Rebound Setup?
RESOLV/USDT is currently trading at $0.1873, struggling after a 12% daily drop. The pair recently broke below short-term support and is hovering near a critical level. While some minor buying pressure is visible, momentum remains weak unless buyers step up quickly.
Key Technical Levels to Watch:
• Immediate Resistance: $0.1900 – $0.1925
Bulls must reclaim this zone to reverse short-term pressure.
• Support Zone: $0.1850 – $0.1800
A break below this area could lead to accelerated downside.
Trade Setup – Bear Bias Building:
Bearish Scenario
• Entry (Breakdown Confirmation): Below $0.1850
• Target 1: $0.1780
• Target 2: $0.1730
• Stop Loss: Above $0.1900
Bullish Scenario
• Entry (Reclaim + Close Above): Above $0.1925
• Target 1: $0.2000
• Target 2: $0.2130
• Stop Loss: Below $0.1850
RESOLV is sitting at a decision point. The rejection from above $0.19 and fading volume hint at seller dominance. However, a reclaim of $0.1925 could spark a short-term reversal. Until then, caution favors downside continuation with risk-managed entries.