$DEFI The name of the coin is not clear from the image, but it is trading at 0.422 USDT or Rs118.37, which shows a sharp decline of -4.09% in the last 24 hours — a clear bearish move. Market sentiment seems bearish at this time, as the price has almost touched the 24h low and the volume is also relatively high (~$1.65M USDT).
Strong support is at 0.414 (24h Low), and if this level breaks, the next support could go down to 0.410. On the upside, immediate resistance is seen at 0.427-0.428, where MA(99) is also positioned. If a recovery occurs, a target of 0.433-0.438 is possible.
There is a slight dominance of buying on the order book (55.19% bids) but overall pressure is on the sellers. The price currently seems oversold, so a short-term bounce is also possible, but the trend is strongly bearish.
Overall, it is important to remain cautious — if the support holds, consolidation may occur, otherwise further downside is also possible. Trade with strict stops!
