$SLX is under heavy bearish pressure after failing to hold the 0.00150 breakout zone 📉
Price rejected sharply from 0.00182 and sellers pushed it back toward the 0.00120 support area. The current structure shows weak momentum, but RSI near oversold territory suggests a possible short-term relief bounce could appear soon.
🔍 Market structure:
• Strong rejection from local top at 0.00182
• Key support holding near 0.00120
• RSI extremely low = oversold conditions building
• Volume fading after panic sell-off
• Bulls need recovery above 0.00135 to regain momentum
If support survives, traders may watch for a rebound attempt toward 0.00145–0.00150. But if 0.00120 breaks cleanly, downside volatility could accelerate further.
Patience and confirmation matter here — catching falling knives in low caps can be risky ⚠️
#SLX #Crypto #BNBChain