a clear range-bound consolidation between strong resistance and support zones:
Resistance Zone: ~$0.18200 – $0.18400 Mid-Range Level: ~$0.17950 – acting as short-term resistance Support Zone: ~$0.17450 – $0.17600 Key Observations: Price is trapped in a horizontal channel, failing to break above resistance or below support. Multiple rejections at the top suggest sellers are active near $0.184. Strong demand near $0.175, as seen from repeated bounces.
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a clear range-bound consolidation between strong resistance and support zones:
Resistance Zone: ~$0.18200 – $0.18400
Mid-Range Level: ~$0.17950 – acting as short-term resistance
Support Zone: ~$0.17450 – $0.17600
Key Observations:
Price is trapped in a horizontal channel, failing to break above resistance or below support.
Multiple rejections at the top suggest sellers are active near $0.184.
Strong demand near $0.175, as seen from repeated bounces.