$LOKA /USDT | Technical Analysis 📉

Current Price: $0.0454

24H Change: -11.67%

Timeframe: 1H

🔻 Trend: Bearish Continuation in Play

LOKA is showing a strong downward momentum with clear rejection from all major EMAs. The price is trending below the 9 EMA ($0.0460), 20 EMA ($0.0471), and 50 EMA ($0.0492), indicating persistent selling pressure.

📌 Potential Entry Zone (Short-Term Rebound Play): $0.04450 – $0.04550

🎯 Target 1: $0.04820 (EMA-50)

🎯 Target 2: $0.05100 (EMA-200 / resistance zone)

🛑 Stop Loss: $0.04320 (breakdown of local support)

📊 Indicators & Insights:

RSI(9): 22.75 → Oversold zone, suggesting a possible short-term bounce.

Volume: Increased selling volume, yet showing early signs of stabilization.

Price Action: Forming a micro base near $0.0450 support; watch for a bullish engulfing or double bottom on LTF.

EMA Compression: All moving averages are fanning downward — this confirms that any upside move will likely be corrective unless supported by a volume breakout above $0.0485.

⚠️ Caution:

This setup favors short-term scalps or bounce plays. Trend remains bearish overall unless LOKA reclaims the $0.051 level with strong bullish volume and RSI divergence confirmation. Watch for bullish MACD crossover and RSI > 30 for further confluence.