Current Price: $3.1927
24h Change: -4.04%
Market Sentiment: Cautious
Risk Level: 🔴 High – Volatile conditions, no bullish confirmation yet
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📊 Market Snapshot
Metric Value Status / Signal
Trend Bearish Lower highs, weak recovery
Support $3.15 Critical near-term floor
Resistance 1 $3.33 Key breakout level
Resistance 2 $3.66 Next upside target
Volume (24h) 22.08M Moderate, no breakout push
RSI (4H) 37.87 Weak – no reversal signal
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4H Chart Overview
Price structure shows lower highs with limited buying strength.
Any breakout attempt above $3.33 must be supported by volume to avoid another rejection.
RSI remains below neutral, indicating momentum still favors sellers.
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Scenario Breakdown
📈 Bullish Case
Trigger: Break above $3.33 with rising volume.
Target: $3.66.
Confirmation: RSI > 45 and sustained higher lows.
📉 Bearish Case
Trigger: Failure to hold $3.15.
Target: $2.65.
Confirmation: RSI < 35 with declining volume.
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Sentiment Meter
📉 Bearish Bias – Sellers remain dominant, technical indicators point to continued downside risk.
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⚠️ Disclaimer: This report is for educational purposes only and should not be considered financial advice. Always perform your own due diligence before making investment decisions.
