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Technical Analysis (1-Minute Chart)
1. Price Structure
* The chart shows a rise from 0.13050 to 0.13758, followed by a steady decline back toward the 0.133 area.
* After the peak, price moved sideways briefly, then continued forming lower highs and lower lows, meaning the short-term trend turned bearish.
2. Moving Averages (MA5, MA10, MA30)
* Early in the chart, MA5 crossed above MA10 and MA30, giving the bullish push that led to 0.13758.
* After the top, MA5 crossed below MA10 and MA30, which is a downtrend signal.
* Currently price is below all major short MAs, showing weak momentum and continuation of downward pressure.
3. Volume
* Volume spikes appeared during the move up to 0.13758, showing buying strength.
* After that, volume decreased, meaning weak follow-through from buyers.
* On the decline, volume stayed moderate, indicating controlled selling.
4. MACD
* MACD is below the zero line, showing bearish momentum.
* The lines are close together, suggesting weak momentum and possible consolidation.
* No clear bullish divergence is visible.
5. Key Levels
Support:
• 0.13300
• 0.13050
Resistance:
• 0.13400
• 0.13600
• 0.13758
Overall Short-Term Outlook
* Momentum is bearish after failing to hold above 0.136–0.137.
* As long as price stays below the MA10 and MA30, the bias remains downward.
* A break under 0.13300 may lead to a retest of 0.1319 or 0.13050.
* A recovery requires price to reclaim and hold above 0.13450–0.13500 with increasing volume.