$RESOLV Pressure Building at Key Support: Breakdown or Relief Bounce?
RESOLV is trading around 0.1643 after rejecting from short-term resistance. The price is currently retesting the lower boundary of a consolidation zone, with volume starting to pick up.
Key Levels to Watch
Resistance Levels:
• 0.1655 – Local resistance
• 0.1675 – Breakout confirmation
Support Levels:
• 0.1635 – Immediate horizontal support
• 0.1600 – Breakdown zone
Trade Setup
Bullish Entry: Above 0.1655 with strong momentum
• Target 1: 0.1675
• Target 2: 0.1700
Bearish Entry: Below 0.1635 with volume increase
• Target 1: 0.1600
• Target 2: 0.1565
Current price action is compressing near support with declining highs. A breakout above 0.1655 or breakdown under 0.1635 will likely determine the next trend. Wait for confirmation before entering.