Price Action: $0.0888 (+0.91%)
$ADX is showing some signs of life on the 15m chart after a period of consolidation. Here’s the breakdown:
The Trend: We've seen a strong bullish impulse moving from the 0.0857 support level up to a local high of 0.0892.
Current State: Price is currently taking a breather, consolidating just below the recent peak. This looks like a healthy "flag" formation after a vertical move.
Order Book Strength: The "Bid" side is leading at 52.50%, suggesting buyers are stepping in to support this current level.
Context: While the 1-day performance is green (+2.90%), the 30-day and 90-day views remain heavily in the red. This could be a bottom-fishing play or a relief rally.
Key Levels to Watch:
Resistance: $0.0892 - $0.0904 (24h High)
Support: $0.0871 (Previous breakout point)
Outlook: If ADX can flip 0.0892 into support, we could see a test of the 0.090+ zone. Keep an eye on volume to confirm the continuation!
