RESOLV/USDC – 1H Technical Analysis
Price: 0.0788
Trend: Strong bearish continuation. Clear sequence of lower highs & lower lows.
MAs Status:
MA(7) ≈ 0.0809 → immediate resistance
MA(25) ≈ 0.0855 → strong sell zone
MA(99) ≈ 0.0819 → already lost (bearish confirmation)
Market Structure
Price rejected from 0.0970 and has been bleeding steadily.
No bullish structure yet; candles remain below all key moving averages.
Small bounce attempts are getting sold → bears in control.
Volume
Recent spike during downside move → distribution / stop-hunt.
No clear accumulation signal so far.
Key Levels
Support:
0.0780 (current intraday base)
Below that → 0.0755 – 0.0740
Resistance:
0.0805 – 0.0820
Major resistance → 0.0855
Scenarios
Bearish continuation: Lose 0.0780 → fast move to 0.075 – 0.074
Relief bounce (only short-term): Hold 0.0780 and reclaim 0.0810 → pullback toward 0.083 – 0.085 (still corrective unless structure flips)
Bias: Bearish until proven otherwise
Advice:
Avoid aggressive longs right now
Best longs only after base + higher low + MA reclaim
Shorts favored on pullbacks into resistance
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