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*Sharp Selloff Sends Price Down 13.12% After Breaking Key Support at $95*

The market has dropped 13.12% from its recent highs, with price now trading at $86.21 after breaking below the $95 support zone that previously acted as a floor.

The chart shows a clear breakdown from the shaded resistance area above $95. Price consolidated near that level for several sessions before losing momentum and triggering a steep decline. The drop accelerated once support failed, with consecutive red candles pushing price down to $85.40 before a minor bounce to current levels.

*What the Chart Shows*
- *Current Price*: $86.21, down 13.12% from the top of the measured move
- *Broken Support*: $95, which has now flipped to resistance after the breakdown
- *Recent Low*: $85.40, the lowest point in this selloff
- *Resistance Zone*: $95-$98, the grey shaded area where sellers previously stepped in

The move marks a shift from consolidation to distribution, with sellers maintaining control since the breakdown. Attempts to reclaim the $90-$92 area have been short-lived, and the overall structure remains bearish while price trades below $95.

*What’s Next*
Holding below $95 keeps the downtrend intact, with focus on whether buyers can defend the $85-$86 zone. A reclaim of $95 would be needed to invalidate the breakdown and shift momentum back to the bulls. Until then, the path of least resistance remains lower.