#RESOLVđ
đ 4-Hour Chart (MediumâTerm)
âď¸ Descending Channel / Bear Channel
The pair remains locked in a 4âhour descending channel ($0.243â$0.297), consistently creating lower highs/lows.
Without a volume-confirmed breakout above $0.297, this structure implies continued downward drift.
đĽ 50âEMA Resistance
Price remains consistently below the 4âhour 50âperiod EMA, often retesting it and rejecting downwardâa typical bearish setup.
⥠Lack of Reversal Patterns
No double bottom, inverse head & shoulders, or RSI divergence have materialized.
If support at $0.240â$0.245 breaks, there's no structural support until $0.225â$0.230.