Here's a chart reflecting the analysis for
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- The recent price action has shown a significant pump, aligning with previous analyses from May 29th, but it faced strong bearish rejection afterward.
- Short-term outlook remains bearish 📉.
- On the daily timeframe, the price is entering a neutral zone ⏳.
- Zooming in on the daily chart, there's potential for a bullish reversal around the $0.1150 support level 📈 in the short term.
- If $0.1150 support fails, the price might react around the key support zone at $0.100.
- Key levels on the chart: $0.1250 - $0.1150 - $0.100.
- Bearish pressure persists, so if considering long positions, consider booking profits timely. Counter-trading against trends carries inherent risks.
