$OBT is showing initial signs of a potential bottom formation on the 1-hour chart after experiencing a prolonged corrective markdown. Following a major distribution phase from the peak at $0.0024133, the aggressive selling pressure has finally slowed down as the price approaches a major historical demand area. Buyers stepped in to defend the $0.0018085 level, triggering a minor bullish reaction candle.
The immediate support is securely established at the recent pivot low of $0.0018085, which serves as a critical invalidation line for the current recovery structure. On the upside, the asset faces its first local overhead resistance around $0.0019787. Successfully reclaiming this level will indicate that a trend shift is underway, creating a path back toward the psychological $0.0021415 supply zone.
Target 1: $0.0020500
Target 2: $0.0022300
Target 3: $0.0024200
#OBT #OrbiterToken #CryptoAnalysis