$A2Z /USDC
TECHNICAL ANALYSIS:
The 30-minute chart for Arena-Z (A2Z) shows a decisive bearish breakdown following a failed attempt to hold the $0.001674 resistance level. The price has crashed through all major moving averages, including the MA(7), MA(25), and MA(99), with a sharp increase in sell volume signaling a strong trend continuation. The "Death Cross" formation and the steep angle of the moving averages confirm intense bearish pressure.
Short Entry: $0.001588
Take Profit 1 (TP1): $0.001553 (Immediate local support)
Take Profit 2 (TP2): $0.001480 (Projected structural floor)
Stop Loss (SL): $0.001650 (Above the recent breakdown consolidation)
The short-term market outlook for A2Z is heavily bearish as it currently trades at its 24-hour lows. The failure to sustain levels above the $0.001622 (MA25) mark indicates that any relief rallies are being met with aggressive selling. Unless a significant volume-backed reversal occurs above $0.001684, further downside toward psychological support levels is highly probable.