Smooth ($BLEND ) Market Update 💧

We observed intense fluctuations when $BLEND tested the key support level. After a sharp pullback from the local high of $0.127, the price is now looking for a solid bottom.
Daily Snapshot:
Current Price: $0.11577 📉 (-1.19%)
24-Hour High: $0.12205
24-Hour Low: $0.11041
Trading Volume (BLEND): 13.19 million
📊 Technical Analysis (1-hour chart):
The chart shows a significant drop to the $0.1104 “candlestick shadow,” with buyers actively stepping in, pushing the price back into the $0.115 range. This indicates strong interest below the $0.11 level.
Moving Averages: The price is currently just below the MA30 ($0.117). To regain bullish momentum, $BLEND needs to turn this level into support.
Support and Resistance: Immediate support is at $0.113. Breaking above the $0.118 resistance (where MA10 and MA30 converge) could lead to a retest of the daily high.
MACD Signal: The MACD is currently in a bearish crossover zone, but the histogram is beginning to shorten, suggesting selling pressure may be waning.
Outlook:
$BLEND is at a “make-or-break” point. If the bulls can consolidate here and break through the moving average cluster, we might see a quick rebound. However, traders should closely watch for any further downside below the $0.110 level.
Are you buying the dip on Fluent, or waiting for a trend reversal confirmation? Share your chart below! 👇