$S /USDC UNDER BEARISH PRESSURE AFTER FAILED RECOVERY
$S attempted a bullish recovery earlier in the session but failed to sustain momentum above $0.40, now trading at $0.3946 (+1.83%) on the 15-minute chart. The price is printing lower highs and lower lows, suggesting ongoing selling pressure.
๐ Market Overview: โข 24H High: $0.4078
โข 24H Low: $0.3863
โข Volume: 16.78M S
โข Trend: Bearish with weak bounce attempts
๐ Technical Breakdown: โข Clear rejection from $0.4078
โข Local support tested at $0.3945 โ weak hold
โข If $0.3938 breaks, $0.3860 may come next
โข Bulls need to reclaim $0.3980+ for any recovery
Unless $S quickly reverses and breaks above $0.4026 with volume, downside risk remains elevated.
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