$AEON has dropped from $0.1204 to around $0.0645, down nearly 30% in 30 days.
The daily chart remains bearish: price is below EMA20, while the Bollinger mid-band near $0.0666 acts as resistance. The $0.07–0.09 zone is packed with trapped buyers, making a strong recovery difficult.
For now, rebounds look more like dead-cat bounces than a trend reversal. Short-term traders can watch for rejection near resistance, with strict stop-losses. Long-term longs remain risky until the trend improves.
The daily chart remains bearish: price is below EMA20, while the Bollinger mid-band near $0.0666 acts as resistance. The $0.07–0.09 zone is packed with trapped buyers, making a strong recovery difficult.
For now, rebounds look more like dead-cat bounces than a trend reversal. Short-term traders can watch for rejection near resistance, with strict stop-losses. Long-term longs remain risky until the trend improves.