The market is heading towards a severe and violent decline #BinanceTGEAlayaAI

1. Clear Horizontal Resistance:

There is strong resistance around 104k and 105k — tested 3 times (highlighted with orange circles).

Each time the price reaches this area, it is rejected downwards, indicating strong selling pressure at this level.

2. Bounce from Strong Support

The price bounced from a strong support level at 74,500 (previous low), indicating the entry of strong buying liquidity in this area.

3. Broken Downtrend

It shows that the price has broken the downtrend line drawn from previous highs (in inclined blue).

However, the current candle hit it and closed below, meaning the breakout has not been confirmed yet.

Positive Scenario ✅

If the price can close above 109,500 with a strong candle, it will open the door to target:

111,342 (noted resistance)

Then the level of 120,000 in the medium term.

Negative Scenario 🚨

If the rejection from the trend line continues or the breakout of 109,500 fails, the price may retest:

95,900 (first support)

Then 88,000 – which is a critical support to break the negative pattern.