AEON is still sitting in a broader 1H downtrend, but the recent reaction around $0.058-$0.060 shows buyers are starting to defend the lower range. The key level underneath remains $0.05256, which has already acted as a strong rejection point.
A dip back toward that level could provide the liquidity needed for a stronger recovery. If price sweeps the $0.0525 area and quickly reclaims it, the setup becomes more interesting for a move back toward the recent range.
The first meaningful upside area is around $0.070-$0.073, where previous price action created resistance. A successful reclaim of that zone would give $AEON room to challenge the higher levels around $0.078-$0.080.
The main risk is a clean breakdown below $0.05256. Until that happens, the chart can still develop a relief move from the current lows, but confirmation above the recent lower highs is needed before calling this a proper trend reversal.
#Macro Insights# #Crypto #Meme Alpha#
A dip back toward that level could provide the liquidity needed for a stronger recovery. If price sweeps the $0.0525 area and quickly reclaims it, the setup becomes more interesting for a move back toward the recent range.
The first meaningful upside area is around $0.070-$0.073, where previous price action created resistance. A successful reclaim of that zone would give $AEON room to challenge the higher levels around $0.078-$0.080.
The main risk is a clean breakdown below $0.05256. Until that happens, the chart can still develop a relief move from the current lows, but confirmation above the recent lower highs is needed before calling this a proper trend reversal.
#Macro Insights# #Crypto #Meme Alpha#
