$TOWNS /USDT is currently trading at $0.00781 and the 24h change of -3.58% has clearly put the market into a pressure zone. The price touched a 24h low of 0.00777 and formed a small relief candle, but the overall trend still carries a strong bearish tone. The candles are slipping below MA(7), MA(25), MA(99), which shows clear control by sellers. The sentiment is short-term bearish but there is also potential for an oversold bounce if buyers show some aggression.
Support is currently established at the key zone of 0.00777, and if it breaks down, the next deeper support could be around 0.00760. On the upside, the first resistance will be at 0.00790, then 0.00804, and strong resistance will be at 0.00820 where a trend shift signal might be received. In a short-term bounce scenario, a possible target could provide a move from 0.00790 → 0.00804, but the overall trend will remain weak until the price gives a strong close above MA(25).
The market is in dip mode, so stay calm and play with the levels — this is just analysis, not financial advice.
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