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Technical Picture: Bearish Setup
The price is trading below major moving averages (EMAs and SMAs at 20/50/100/200 periods) on the daily chart, acting as overhead resistance. The RSI is in the low-to-mid 30s (oversold territory), and some oscillators are flashing oversold/buy signals. Fear & Greed is in Fear/Extreme Fear. The immediate support zone is around $0.0035–$0.00357, with resistance at $0.00381 and $0.0040+. The current zone is considered a distribution/hold area by analysts like Flicker.