$C

๐Ÿ“ˆ Technical Chart Analysis:

1. Trend Overview:

Sideways Consolidation: After two strong spikes, the price retraced and is now consolidating around the $0.32 level.

Volatility decreasing in recent candles, suggesting a cooling-off period before next major move.

2. Support and Resistance Zones:

Support levels:

$0.31โ€“$0.315: Strong recent floor, tested multiple times.

$0.30: Psychological support.

Resistance levels:

$0.34โ€“$0.35: Recent local highs.

$0.38+: Spike rejection area, where sellers overwhelmed.

3. Volume Trend:

24h volume is high, but current hourly candles show declining volume, which could mean:

A breakout is nearing (either direction).

Or price may range-bound for a while before next move.

๐Ÿ”ฎ Short-Term Prediction (Next 12โ€“24h):

Scenario Description Target

๐Ÿ“ˆ Bullish breakout If it breaks above $0.34 with volume $0.36 โ†’ $0.38

๐Ÿ“‰ Bearish rejection If it fails at $0.34 and breaks below, then $0.315, $0.30 โ†’ $0.28.

๐Ÿ’ค Sideways If volume remains low Between $0.315โ€“$0.335

๐Ÿ“Œ Strategy Suggestion:

Watch for a volume spike around $0.34 or $0.315.

Consider scalp trading within the range if volatility remains low.

Set tight stop-losses due to unpredictable breakout risk.