$C
๐ Technical Analysis:
โ Current Price:
$0.29558 (as of the latest candle)
Slightly above the support region of ~$0.287
๐ Recent Price Action:
Volatility: Noticeable spikes and drops, especially mid to late July.
Major Resistance Levels:
$0.31750 โ Recent 24h high.
$0.37โ$0.40 โ Local top (previous strong rejection zone).
Support Levels:
$0.287 โ Key short-term support.
$0.260โ$0.270 โ Medium-term support zone.
๐ Pattern Observation:
Price is currently consolidating after a recent spike and pullback.
You can see a descending triangle formation (lower highs, flat support).
Volume is relatively steady (58.46M USDT) suggesting accumulation.
๐ฎ Short-Term Prediction (Next 12โ48 Hours):
๐ฉ Bullish Scenario:
If price holds above $0.287 and breaks above $0.3175, we may see:
๐ฏ Target 1: $0.330
๐ฏ Target 2: $0.370โ$0.400 (if momentum + volume increases)
๐ฅ Bearish Scenario:
If price breaks below $0.287, expect a drop toward:
โ ๏ธ Target 1: $0.270
โ ๏ธ Target 2: $0.250โ$0.240 (stronger support)