The price is undergoing a correction, and potential **support levels** include:
1. **200-day MA (~$0.4181)**: A strong dynamic support level.
2. **Lower Bollinger Band (~$0.3356)**: Positioned within the green demand zone, potentially signaling oversold conditions if reached.
3. **Green Zone ($0.3240–$0.4181)**: A historical demand area that has previously supported price rebounds.
Trend Indicator:
- **PSAR**: Flipped red, confirming short-term bearish momentum.
Oscillator Analysis:
- **RSI**: At ~50, showing neutral momentum but with a downward slope, reflecting fading bullish strength.
- **MACD**: Already crossed bearish, with a negative histogram confirming building selling pressure.
- **OBV**: Declining, indicating reduced accumulation and increasing selling activity.
Outlook:
The **200-day MA**, **lower Bollinger Band**, and **green zone** are critical support levels. If these levels hold, a potential rebound could stabilize the trend. However, if broken, the price may correct further. Monitor MACD and OBV for signs of persistent selling pressure and RSI for potential oversold conditions. Stay cautious!