The price of $SANTOS is currently at 1.705 USDT and there has been a sharp decline of 7.84% in the last 24 hours, the market mood is bearish but there is also a possibility of an oversold bounce. Strong support is at 1.601, the 24h low, which is a critical level; if it breaks, the next support is around 1.550. On the upside, immediate resistance is at 1.859, the 24h high, which seems quite distant, but a short-term hurdle could form around the area of 1.740 and 1.780. Looking at the volume, it is high, confirming strong selling activity, but the order book indicates that buyers are slightly more active (53.04%), creating a positive divergence. Overall sentiment is bearish, but a minor bounce can be expected when oversold as long as the price remains above the major support of 1.600.

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