#S heading for another major decline after losing its Head and Shoulders neckline, with the $0.025 support region now coming into focus?
💎#S continues to face strong bearish pressure on the 12-hour timeframe, with a Head and Shoulders breakdown confirming weakness in the broader market structure. More importantly, recent attempts to reclaim the $0.037–$0.038 neckline region have failed, suggesting that former support is now acting as resistance.
💎Adding to the bearish outlook, On-Balance Volume (OBV) has been steadily declining and is now testing a fragile support level. This indicates that buying participation remains weak, leaving the current price structure vulnerable to further selling pressure.
💎The immediate level to watch is $0.032, where buyers could attempt a temporary recovery. If this support fails to hold, the decline could extend towards the $0.0245–$0.0257 major support zone, which remains the next important area on the chart.
💎If #SUSDT manages to reclaim the neckline resistance, the bearish pressure could ease temporarily. A confirmed 12-hour candle close above $0.040 would invalidate the immediate bearish setup and suggest that buyers are regaining strength.
That is why Paradisers, the failed neckline retests favor the bears, but we are watching for a confirmed break below $0.032 before expecting a deeper decline.
