Based on the chart (1-hour timeframe of $RESOLV /USDT perpetual futures), here’s a brief technical analysis:

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📊 Current Market Overview:

Current Price: $0.26248

24h High: $0.29966

24h Low: $0.23521

Volume: 1.70B $RESOLV / 450.08M USDT

Price Change (24h): +3.80%

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🔍 Chart Observations:

1. Key Support and Resistance Levels:

Resistance: $0.28944

Support: $0.23890

Recent Low: $0.22891

Previous High (for reference): $0.41200 (sharp rejection followed by a downtrend)

2. Trend:

After hitting a local bottom at $0.22891, the price rebounded and formed a lower high around $0.28944.

Current movement appears sideways-to-slightly bearish, indicating indecision or potential accumulation.

The candles show rejection wicks on both sides, signaling market uncertainty or range trading.

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📉 Bearish Indicators:

Price failed to break above $0.28944, forming a lower high.

Short-term candles show rejection near the top, suggesting sellers are active.

Volume appears to have declined after the bounce, indicating weak bullish momentum.

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📈 Bullish Scenarios:

If price holds above $0.23890, bulls may defend this support and attempt another run toward $0.28944.

Breaking above $0.28944 with volume could trigger a move toward $0.30 - $0.34.

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✅ Summary:

Neutral to Slight Bearish Bias

Range: $0.23890 – $0.28944

Breakout Zone: Above $0.28944 (bullish) or below $0.23890 (bearish)