$THE /USDT Technical Analysis (15m)
Current Price: 0.1763
24h High: 0.1860
24h Low: 0.1746
Trend: Bearish
Price Action
Price faced a strong rejection from the 0.185 to 0.186 zone and entered a sharp decline. After forming a short-term base near 0.1745, price attempted a weak bounce but failed to regain momentum. Structure remains lower highs and lower lows.
Moving Averages
MA(7): 0.1768
MA(25): 0.1769
MA(99): 0.1807
Price is trading below all key moving averages. MA(7) and MA(25) are flat and overlapping, indicating consolidation after a sell-off. MA(99) above price confirms broader bearish control.
Volume
Sell volume spiked during the drop, while recovery volume is low. This suggests weak buyer interest and lack of accumulation.
Support Levels
0.1745
0.1720
0.1685
Resistance Levels
0.1785
0.1810
0.1850 to 0.1860
Outlook
As long as price remains below 0.1810, downside risk remains. A breakdown below 0.1745 can open further decline toward 0.1720 and 0.1685. Bullish reversal requires a strong close above 0.1810 with volume.
Bias
Short-term: Bearish
Only short-term scalps suitable
Trend reversal not confirmed
