Trend: The price shows a strong decline after a massive spike, which indicates it could be experiencing a retracement or consolidation phase.
Support: Around the 2.50–2.80 level (green zone), which seems to have held during recent price movements.
Resistance: The red zone around 5.00–5.50 is the immediate resistance, with higher resistance near 59.48, which indicates significant selling pressure above this level.
Volume: There is a noticeable surge in volume during the price decline, suggesting that the recent downtrend is likely being fueled by significant selling activity. This could indicate a potential continuation if the volume stays elevated.
Price Action: If the price tests the 2.50–2.80 support zone and holds, we might see a rebound. Otherwise, a breakdown could target 0.45.
Support: Around the 2.50–2.80 level (green zone), which seems to have held during recent price movements.
Resistance: The red zone around 5.00–5.50 is the immediate resistance, with higher resistance near 59.48, which indicates significant selling pressure above this level.
Volume: There is a noticeable surge in volume during the price decline, suggesting that the recent downtrend is likely being fueled by significant selling activity. This could indicate a potential continuation if the volume stays elevated.
Price Action: If the price tests the 2.50–2.80 support zone and holds, we might see a rebound. Otherwise, a breakdown could target 0.45.
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