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$B The bears are still in control! 😤
Since turning into a downtrend from 0.1851, the price has plummeted over 11%, with 61 candlesticks pressed to the ground and rubbing against each other. Currently, the 0.1642 price remains firmly suppressed below the dynamic resistance line at 0.1693, indicating a clear continuation of the bearish trend.
Although the MACD has shown slight recovery, it still operates below the zero line, merely a breather in the downtrend. The tracking line at 0.1693 above is the first key resistance; if the price cannot break back above it, any rebound is a selling opportunity. Support can be watched around 0.1451 below.