$C
๐ 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.
๐ฎ Short-Term Prediction (Next 12โ24h):
Scenario Description Target
๐ Bullish breakout If it breaks above $0.34 with volume $0.36 โ $0.38
๐ Bearish rejection If it fails at $0.34 and breaks below, then $0.315, $0.30 โ $0.28.
๐ค Sideways If volume remains low Between $0.315โ$0.335
๐ 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.