DENT On the monthly timeframe, DENT has been trading inside a clear descending channel since its macro top. The structure shows consistent lower highs and lower lows, with price respecting both channel boundaries multiple times.
Currently, price has dropped into a major historical demand zone around 0.00010 – 0.00015, which previously acted as accumulation before the large upside expansion. This area aligns with the lower region of the channel, making it a high confluence support zone.
The recent reaction from this demand suggests potential short term relief. If buyers step in strongly here, price could move toward the mid-channel region, and eventually attempt a retest of the upper channel boundary.
However, the overall trend on the higher timeframe is still bearish until a confirmed breakout above the descending channel occurs.
Key scenarios:
• Holding the demand zone → gradual recovery toward mid and upper channel
• Break below demand → continuation toward deeper macro lows
• Break above channel → structural trend reversal
This is a critical decision area on the macro chart. The reaction here will likely define the next multi-month move.
@Dentcoin $DENT #DentToken #dent