From the data, RESOLV/USDT has experienced significant downward pressure in the past few days. On June 26 and 27, this cryptocurrency broke through key support levels, and the current price is testing recent lows, showing a clear downward trend.

Technical Indicators:

EMA Moving Averages: The short-term (EMA5) and long-term (EMA20) moving averages show a clear divergence, with the price consistently below these moving averages, indicating that the market is in a strong downtrend.

RSI: The RSI indicator shows that the 6-period RSI is nearing below 30, suggesting that the market may be oversold and there is a possibility of a short-term rebound. However, from the overall trend, the RSI remains low, indicating a bearish market sentiment.

MACD: The MACD is below the zero line, and the histogram is negative, indicating that the bearish momentum in the market remains strong.

Market Sentiment:

Order Book: There is significant selling pressure, especially in the low price range where there are a large number of sell orders, indicating that bears dominate the market.

Capital Flow: The capital flow shows a substantial outflow of large funds, particularly from large sell orders, indicating that institutional investors may be gradually withdrawing from this cryptocurrency.

Price Targets:

The current support level is around 0.13, and if the price breaks this support level, it may continue to decline to 0.12 or lower.

Resistance is seen around 0.15, where there are a significant number of sell orders; without strong buying support, it will be difficult for the price to break through this level.

Summary:

Currently, the overall trend of RESOLV/USDT is bearish. Although the oversold indicators suggest a potential for a small rebound, if the support level of 0.13 is broken, the price may decline further. In the short term, unless a clear reversal signal appears, it is advisable to operate cautiously and avoid blind long positions.