PUDGY/USDT 1H: Bearish Slide Continues – Key Levels to Watch

l’altro ieri

1. Chart timeframe: 1H PUDGY/USDT analysis.
   
2. Current price: $0.02836.
   
3. Key levels:
   

• Resistance: $0.035 (significant resistance).
  
• Support: $0.028 (immediate), $0.026 (next support if breakdown occurs).
  

1. Price action:
   

• Clear bearish trend with lower highs and lower lows.
  
• Descending trendline at $0.032 needs to break for bullish reversal potential.
  

1. Volume profile: Suggests a distribution phase with sellers in control.
   

1. Trend outlook: Path of least resistance remains downward unless a higher low forms and trendline breaks.
   

1. Setup rating: 3/10 – not ideal for entries until reversal signals appear.
   

What’s your play – shorting the trend or waiting for a breakout? 📉✨