$SIGN
#SIGNUSDT is still in a clear downtrend.
Price has been bleeding for a while and is now sitting near a local base around 0.0062–0.0065, with a small bounce trying to form from that area.
The nearest support is around 0.0062. If that breaks, the chart can slip lower again and stay weak.
On the upside, the first resistance is around 0.0072–0.0075. Above that, the next bigger resistance sits near 0.0080–0.0085, which is where sellers showed up before.
Right now this looks more like a weak base attempt than a real reversal.
If bulls want to change the structure, price needs to reclaim 0.0075 and then push back above 0.0080 with strength.
Until that happens, this still looks like a downtrend with a possible bottoming range forming near the lows.
#SIGNUSDT is still in a clear downtrend.
Price has been bleeding for a while and is now sitting near a local base around 0.0062–0.0065, with a small bounce trying to form from that area.
The nearest support is around 0.0062. If that breaks, the chart can slip lower again and stay weak.
On the upside, the first resistance is around 0.0072–0.0075. Above that, the next bigger resistance sits near 0.0080–0.0085, which is where sellers showed up before.
Right now this looks more like a weak base attempt than a real reversal.
If bulls want to change the structure, price needs to reclaim 0.0075 and then push back above 0.0080 with strength.
Until that happens, this still looks like a downtrend with a possible bottoming range forming near the lows.