Volume (OPEN): 399.68M (quite high, shows active trading)
Recent Trend: Price has been in a downtrend after peaking at 1.1673. It found a bottom near 0.8203 and made a small recovery, but resistance around 0.8793 rejected it again.
🔹 Technical Observations
Support & Resistance
Strong support: 0.8200 – 0.8430 zone.
Immediate resistance: 0.8790 – 0.9470 zone.
Major resistance: 1.03 – 1.16.
Candlestick Structure
After the sharp fall from 1.16, the market is consolidating in a sideways range (0.82 – 0.95).
Recent candles show selling pressure near 0.8793.
Volume
Volume is still healthy, meaning traders are active, but sellers currently dominate slightly (48.05% ask vs 51.95% bid).
👉 In summary: The market is consolidating after a big drop. Currently, bias is slightly bearish, but if it holds support at 0.8430, we may see a bounce toward 0.95+.
Would you like me to also check the daily timeframe (1D) for a bigger picture trend?