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The bearish trend continues!🚨
The price started to decline from 0.06745. Although it rebounded 2.5% from the low of 0.06142, the current price of 0.06296 is still well below the starting point (-6.66%).
Key point: The rebound is approaching a critical downtrend line (now at 0.06249), with less than one ATR gap, indicating weak rebound strength. The MACD shows a golden cross, but overall it remains below the zero line, so the bearish pattern persists.
Strong resistance above at 0.06992. Rebound equals risk; beware of further pressure and pullback near the trend line.