$GUA - Downtrend dominance, supply exhaustion signals emerge
Price & Technicals: Trading around 0.344 USDT (-26% in 24h) after failing at the resistance zone of 1.3–1.4 USDT. The H4 candle remains below the MA7, MA25 and MA99 systems. The widening Bollinger Band downward confirms that selling pressure is dominant.
Bright spot: Although the price formed a lower low, volume stopped increasing, indicating that selling pressure is weakening and supply is gradually drying up. On-chain data reflects a defensive sentiment.
Scenario: Short positions are concentrated at 0.38–0.42 USDT. If support at 0.32–0.34 USDT holds, there will be an opportunity to rebound to 0.42–0.46 USDT; if it breaks, it will fall deeper.
Price & Technicals: Trading around 0.344 USDT (-26% in 24h) after failing at the resistance zone of 1.3–1.4 USDT. The H4 candle remains below the MA7, MA25 and MA99 systems. The widening Bollinger Band downward confirms that selling pressure is dominant.
Bright spot: Although the price formed a lower low, volume stopped increasing, indicating that selling pressure is weakening and supply is gradually drying up. On-chain data reflects a defensive sentiment.
Scenario: Short positions are concentrated at 0.38–0.42 USDT. If support at 0.32–0.34 USDT holds, there will be an opportunity to rebound to 0.42–0.46 USDT; if it breaks, it will fall deeper.