PUDGY/USDT 1H: Bearish Slide Continues – Key Levels to Watch
Chart timeframe: 1H PUDGY/USDT analysis.
Current price: $0.02836.
Key levels:
Resistance: $0.035 (significant resistance).
Support: $0.028 (immediate), $0.026 (next support if breakdown occurs).
Price action:
Clear bearish trend with lower highs and lower lows.
Descending trendline at $0.032 needs to break for bullish reversal potential.
Volume profile: Suggests a distribution phase with sellers in control.
Trend outlook: Path of least resistance remains downward unless a higher low forms and trendline breaks.
Setup rating: 3/10 – not ideal for entries until reversal signals appear.
What’s your play – shorting the trend or waiting for a breakout? 📉✨