$SIGN /USDT – Bearish Breakdown Below Moving Averages
SIGN is trading at $0.07036 (-5.40%), dipping dangerously close to its 24h low of $0.07000, while significantly undercutting the MA(7): $0.07497 and MA(25): $0.07508. The absence of a 99-day MA suggests either limited trading history or volatility. Daily volume remains healthy at 24.41M SIGN, though price action indicates distribution.
📊 Technical Breakdown:
Consecutive closes below both short- and mid-term MAs = downtrend confirmation
Price is near breakdown zone ($0.07000), with bears firmly in control
A bounce is possible due to short-term oversold levels, but recovery faces heavy resistance
📌 Key Levels to Watch:
Support: $0.0700 → $0.0675 → $0.0619
Resistance: $0.0751 → $0.0823 → $0.0896
⚠️ Outlook:
SIGN must reclaim the $0.0750 zone fast to avoid sliding into deeper lows. If $0.0700 breaks, the next leg down could test the $0.0675–$0.0619 area. Any bullish reversal would require strong volume and a break above $0.0823. For now, momentum favors the downside.