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$BOB 30-minute chart: The bearish trend continues, and the price is struggling below a key resistance! 😤
Current price 0.01209, still below the downtrend tracking line at 0.01217 (which can be seen as dynamic resistance). The price rebounded but did not break through, indicating weak bullish momentum. Since entering the downtrend, the price has been hovering near the initiation price, with a gain of only 0.32%, showing a weak rebound.
The MACD double lines are below zero with a significantly negative histogram, indicating sustained bearish momentum. The price is pressing against the trendline, with a gap of less than 1 ATR; whether it breaks through or not will be a short-term key.
Market condition: The bearish trend continues, beware of rebound exhaustion.