$SLF 🚀🔥 Selfkey (SLF) Faces Big Sellers at Market: Bears Take Control as Pressure Mounts 📉⚠️

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🦑🦑Selfkey (SLF) is under sustained attack by big sellers, with consistent supply overwhelming recent attempts to stabilize price 🌪️🎯. After losing support near $0.0062, SLF has continued to slide, printing lower highs that clearly show sellers dominating every rally attempt 🪓🍂. On-chain data reveals that whale wallets have been distributing heavily over the last two weeks, adding to the bearish momentum 🐍📦.

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🎈🎈Momentum indicators confirm the negative bias. RSI is pinned below 35, reflecting oversold conditions but also persistent downside pressure 📉🧭. The MACD histogram is deep in the red, and moving averages are stacked bearishly on both the 4-hour and daily charts ⚙️🎯. Volume has surged on red candles, highlighting aggressive liquidation and panic exits 🪁🍇. In the derivatives market, funding rates are trending negative and open interest is rising, suggesting traders are positioning for further weakness 🌵🔥. If SLF loses the $0.0058 floor with conviction, price could quickly drop toward $0.0052–$0.0054 as the next key demand zone 🚧🧊.

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🪴🪴Fundamentally, Selfkey continues to build decentralized identity solutions and expand ecosystem integrations 🌈📡. However, in the near term, technical breakdowns and risk-off sentiment are firmly driving the trend, overshadowing progress and partnerships 🦥🌫️.

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🐢🐢Traders should closely monitor price action near $0.0058. A decisive breakdown with high volume could trigger accelerated selling and deepen the retracement. Conversely, a fast reclaim above $0.0062 might spark short-term relief, but caution remains essential. Manage positions carefully as volatility unfolds 📊⚡.