Just to add my 2 cents on technical Slick chart -
Bullish Signs - Price has recovered from the lower Bollinger Band, showing demand below 0.77
Higher lows forming over the last 7 candles, hovering just above well-established support at 0.76/71
- Bollinger Bands - contracting is often a precursor to a breakout move.
- Bearish Caution - Price is still under the upper Bollinger Band, not showing full bullish control
- Still below previous highs in the 0.84–85 range, facing resistance
- Low volume could mean a lack of conviction behind the recent upward push
What to Watch Next - Break above 82.5 /83.00 = confirmation of a bullish reversal and possible run toward 0.87+
Close below 0.795= weak signal, especially if it starts to retest 0.76 /71
Volume confirmation: Need a strong green candle with a spike in volume to confirm bulls are taking control
As Slick highlighted, the closing candle shows indecision; the market is waiting for a signal.The overall chart is showing signs of base building, but no confirmed breakout yet.If you’re holding, this is a wait and watch zone, lean bullish if 0.83+ breaks with volume.If you’re looking to enter, consider setting alerts near 0.83 resistance or 0.77 support for confirmation moves IMO.
DYOR
(20min delay)