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Sellers have started to dominate the market structure.
The recent rejection from the upper limit around $0.52-$0.53 created a lower high, followed by intense selling pressure that pushed the price directly through the channel support.
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🔍 Technical Analysis
✅ Failed Uptrend Channel
The uptrend channel has been functioning as an upward structure since March, producing higher lows and higher highs.
But:
The price failed to maintain momentum near the top of the channel.
Sellers entered aggressively around $0.52.
The lower trendline support has now been decisively broken.
The daily candle closed below the channel support, confirming weakness.
Breaking the channel often indicates the end of a trend and the start of a deeper correction.
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📊 Current Price Movement
The current price is trading around $0.41.
The candle that broke shows:
A strong bearish body
Increasing bearish momentum#ShareYourUSStocksWinNvidia