The purple support zone within the price range of $0.232 has been tested multiple times so far. If this support area is breached, we expect the bearish trend to continue towards lower levels.
Upon closer examination, we observe that the resistance zone at $0.3484 has not yet been tested, and the momentum of the bearish trend has been stronger. Once the purple support zone is consumed, the bearish scenario will be further confirmed.
What’s your opinion?