Price has bounced from the range low near $0.92, with early RSI divergence suggesting potential short-term relief. However, the structure remains fragile unless price reclaims key resistance.
🟩 Support:
• $0.92 = Range Low
• Break below = fast drop to $0.60
🔴 Resistance to Watch:
• $1.21 = Key rejection zone
• Above $1.21 opens up space toward the range high at $1.45–1.50
📉 Risk Scenario:
• Bearish continuation if $0.92 fails
• Targets: $0.73–0.60 (HTF demand)
📈 Bullish Case:
• Strong reclaim of $1.21
• RSI recovery confirms bottoming — reopens path to range top
📌 Range low bounce is intact — but strength only confirmed above resistance. Mid-range = caution zone.
🟩 Support:
• $0.92 = Range Low
• Break below = fast drop to $0.60
🔴 Resistance to Watch:
• $1.21 = Key rejection zone
• Above $1.21 opens up space toward the range high at $1.45–1.50
📉 Risk Scenario:
• Bearish continuation if $0.92 fails
• Targets: $0.73–0.60 (HTF demand)
📈 Bullish Case:
• Strong reclaim of $1.21
• RSI recovery confirms bottoming — reopens path to range top
📌 Range low bounce is intact — but strength only confirmed above resistance. Mid-range = caution zone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.