The daily chart tells a clear story. Price peaked at $0.0079558 in early May and entered a sustained downtrend, printing consistent lower highs and lower lows across the entire month. The trend found its floor at $0.0039579, which now marks the key structural low. From that bottom, a powerful recovery candle formed on June 6 with volume surging to 5.77M, well above both the MA5 of 3.58M and MA10 of 2.77M. This is the highest volume printed on the entire visible chart, confirming strong demand entered at the lows.

Price is currently trading at $0.0066249 on the chart, hovering just above the MA(99) which is the critical level to watch.

MA(7): 0.0052556 - price is trading well above, short-term bullish

MA(25): 0.0052549 - MA7 and MA25 are almost identical, signaling a potential golden cross forming

MA(99): 0.0061845 - price has broken above long-term MA, now needs to hold as support

The MA7 and MA25 convergence at nearly the same level is notable. A confirmed golden cross here on elevated volume would be a strong continuation signal.

Key Support: $0.0055425 / $0.0052556 / $0.0039579

Key Resistance: $0.0073269 / $0.0079558 / $0.0082192

LONG TARGETS

Tig 1 - $0.0073269

Tig 2 - $0.0079558

Tig 3 - $0.0082192

SHORT TARGET

Short - $0.0039579