1. Main Trend and Market Structure
Bearish (Downward) Trend: The chart shows a consistently downward price structure since October.
Supply Zone Rejection: The price recently touched the Daily Order Block (DOB) area in the $0.14000-$0.15000 range and experienced quite strong rejection.
2. Supply Area (Upper Resistance)
Upper Resistance: There is a large block (5.277B) in the $0.18000-$0.22000 range. This is a very thick, major supply area.
Immediate Resistance: The orange area around $0.15000 (1.178B) serves as a barrier for the current price. As long as the price remains below this zone, the bias remains negative.
3. Movement Prediction (Price Anatomy)
Downward Target: There is an indicative arrow line projecting further price declines towards the area below $0.05000.
Key Support: At the bottom, there is a thin blue line (2.215B) around the $0.05000 level, which is likely a liquidity target or the next rebound area.
4. Technical Summary
Current Price: $0.11859.
Sentiment: Bearish. The price failed to break through the middle supply block and is likely forming a lower high.
