$RESOLV /USDT has been under heavy selling pressure all day. The price is currently trading at 0.0768, and the 24h change of -8.79% has clearly made the sentiment bearish. The market mood looks cautious + weak, where sellers are continuously showing dominance.
Looking at the chart, the most important thing seems to be that the price is currently holding just above its ultra-near support at 0.0766. If this level cracks, the market could easily slip to the 0.0755 zone. This support is currently the buyer's defense line.
On the upside, resistance has become strong at 0.0810 — multiple rejections have occurred from here. If the price breaks this with volume, a short-term target bounce to 0.0825–0.0835 could be possible; otherwise, the trend could clearly continue in favor of sellers.
Overall vibe is simple: RESOLV is currently in a downtrend, relief move only possible if support holds + strong candle confirmation is received. Otherwise, caution is the safest strategy.
