$ISLAND /USDT: Short-Term Analysis and Prediction
The 15-minute fund flow analysis indicates a higher selling pressure compared to buying, with total net outflow at -43.88K ISLAND. Large orders dominate the flow, comprising nearly 48.60% sell and 44.34% buy, leaving a -35.47K net outflow in this category. Medium-sized and small orders show minor net impacts, signaling that institutional and larger traders are leading the movement. This bearish flow suggests caution, as larger entities are offloading their positions.
The price chart for the 30-minute timeframe reflects a distinct Change of Character (CHoCH) near the $0.0875 resistance, followed by a retracement. The price currently trades around $0.0796, with sellers gaining momentum. The failed breakout above the resistance zone signals weakness, and the price is descending towards the $0.0776 support zone.
Analyzing the trend, I predict that the $0.0776 demand zone may act as the immediate buffer. If the price stabilizes here with bullish candlestick patterns, a short-term rebound towards $0.0850 is possible. Conversely, a breakdown below this support will likely trigger further selling pressure, pushing prices towards the next support level near $0.0700.
The broader structure shows bullish breaks of structure (BOS) earlier, hinting at underlying upward potential. However, in the short term, the chart reflects a corrective phase, with the sellers overpowering buyers. The declining volume near resistance reinforces the current downward move.
For traders, I recommend closely monitoring the $0.0776 support and the behavior around this zone. Aggressive sell-offs at this level may provide a clearer direction. On the other hand, a rebound with volume could offer a long opportunity targeting the previous resistance zone. The bearish bias remains dominant unless a strong recovery invalidates the CHoCH and confirms sustained buying momentum.
This market phase requires precision, especially given the dominance of large sell orders and weakening bullish strength in the short-term trend.
