$AERGO /USDT Technical Analysis:💯

The price action of $AERGO /USDT reflects significant bearish momentum, dropping 💯-14.01% in the past 24 hours. Here's a closer look at the technical landscape:

Current Price: $0.1363

24h Range: $0.1827 (high) – $0.1311 (low)

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Key Levels:

Resistance:

$0.1400: Immediate hurdle for recovery.

$0.1450: Strong resistance zone aligning with recent sell-offs.

Support:

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$0.1350: Immediate support, tested multiple times in the current session.

$0.1311: 24h low, a critical level to watch for potential breakdowns.

Indicators:

RSI: Approaching oversold territory on the 15m and 1h charts, indicating a possible relief bounce.

Volume: High sell-side pressure with 224.31M AERGO traded, signaling strong bearish sentiment.

Outlook:

If the price stabilizes above $0.1350, a short-term recovery toward $0.1400 is possible.

A breakdown below $0.1311 may open doors for further declines, targeting the $0.1200 region.

Traders should monitor volume and price action closely at key levels for entry or exit points.

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