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
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