Chart Structure

• Currently, we are within the gray box on the chart, which represents the support and accumulation zone. If positive momentum is gained from this area, it is highly likely that the descending trendline will be broken in the first stage. However, if we see closures below this gray box, the price is expected to experience a deeper decline, increasing the risks.
• Looking at the resistance zones, we anticipate that the descending trend itself could form a resistance, potentially causing the price to return to the gray box. However, if the descending trend is broken, we expect the levels of $0.00017 and $0.00019, along with the pink box, to serve as resistance.

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The information in this article does not provide any investment advice.

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