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๐ก๏ธ Support Levels to Watch
1. **$0.3039** โ Recent breakdown below this level triggered bearish momentum with strong volume, indicating a key short-term support breach .
2. **$0.2763 โ $0.2851** โ Cluster of support levels, including a Fibonacci-based retracement range near 0.2798, which has shown recent bounce activity .
3. Lower Demand Zones โ According to TradingView ideas, potential deeper support zones include $0.2285, $0.2250, $0.2224, and $0.2100, with a major reversal area projected as low as $0.1039 or even $0.0259 .
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๐ง Resistance Zones Above Price
**$0.2960** โ Short-term resistance (Binance technical post, 4H chart level) .
**$0.3110 โ $0.3370** โ A rising upper boundary, possibly linked to the 99โperiod EMA on higher timeframe charts .
Analysts also flag a broader upper resistance cluster near $0.40, based on bullish reversal targets and riskโreward setups .
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๐ Chart Patterns & Market Context
Falling Wedge Pattern โ Multiple TradingView contributors highlight a descending wedge setup, a structure that historically precedes
bullish reversals if confirmed by volume surge and breakout above the upper trendline .
Momentum Indicators โ RSI and MACD have been in oversold territory during recent breakdowns, suggesting short-term potential for bouncesโbut overall momentum remains bearish on daily charts .
Moving Averages โ Daily EMA ribbons (50/100/200) continue aligning into bearish configuration, with price trading below dynamic moving-average resistance .