• Current price: ≈ 3.51 USDT

  • Recent range: 3.40 – 3.85

  • Time frame: Apr 24–29, 2025

Key Technical Observations

1. Support and Resistance

  • Support zone around 3.45 USDT

  • Resistance zone near 3.60–3.65 USDT, with a hard high at 3.85 USDT

2. Trend Structure

  • After peaking at 3.85 (Apr 28), price sharply retraced into the 3.45 area.

  • Since then, lower highs have formed (< 3.60) and lower lows are testing the 3.45 floor.

  • Short-term momentum favors the bears (series of red candles on higher volume).

3. Volume Profile

  • Volume spikes coincide with both the 3.1→3.5 breakout and the 3.85 top.

  • Recent pullback is accompanied by rising red-candle volume, signaling conviction in the sell-off.

Scenarios for the Next Move

Bearish (Higher Probability Short-term)

  1. Retest & Breakdown:

    • Price dips back toward 3.45.

    • A decisive break below 3.45 on strong volume could accelerate the move toward 3.30–3.35.

  2. Bear Flag Continuation:

    • Slight consolidation under 3.55 may form a mini “bear flag,” foreshadowing another leg down.

    • Bullish (On Support Hold)

  3. Bounce off 3.45:

    • Look for a clean bullish reversal candle (hammer/engulfing) at 3.45–3.48.

    • A rally above 3.55 would target the next resistance zone at 3.60–3.65.

  4. Trendline Break:

    • Watch for price to break above the down-slope connecting the lower highs (~3.58).

    • Confirmation around 3.60 with elevated green volume would invalidate the immediate bearish bias.

Next Move Prediction

  • Most likely: A brief retest of 3.45.

    • If 3.45 cracks, expect a swift drop toward ~3.30.

    • If 3.45 holds firmly, prepare for a counter-rally up into the 3.60 region.

Risk Management

  • Place stops just below 3.40 when going long off support.

  • For shorts, consider stops above 3.60–3.65.

  • Target partial profits at each micro-support/resistance level to lock in gains.