$RESOLV Dragged! Bounce Or Next Breakdown?
Price fell -10.35% today, touching $0.14578 — the lowest level in 24 hours.
The 15-minute chart shows brutal selling pressure, with a streak of red candles and the price trapped below MA-7 and MA-25.
📉 Downtrend is still dominant, but…
There is potential for a local support formation in the range of $0.145xx which could serve as a foothold for a dead cat bounce or a quick reversal.
📊 EMA-99 (purple line) is still far above → short-term structure remains bearish. But watch this:
If the price manages to reclaim above $0.1488 → chance to retest $0.1510 (MA-25)
If breakdown $0.1455 → continue to $0.1420 or lower
⚠️ Volume is relatively moderate. Market split: 58% seller vs 41% buyer.
This means, pressure is still high — but the correction is deep, scalping opportunities are open if a green confirmation candle appears.
🎯 Key levels:
Critical support: $0.1450
Rebound zone: $0.1485–$0.1510
Reversal area: >$0.1535
💬 Is it time to take a quick position or wait for a more stable pullback confirmation?$RESOLV