$AZERO — RETESTING A SUPPLY ZONE THAT PREVIOUSLY REJECTED ADVANCES.
The asset has climbed from 0.0053 to 0.00688 — a 29% gain. The RSI reading is at 74, indicating overbought conditions. The current price is now approaching a resistance level that has historically capped advances. Volume is beginning to taper off, indicating that buying pressure is weakening. The 4-hour chart is displaying a loss of bullish momentum, with smaller candles forming at the resistance level. This region has acted as a ceiling on multiple occasions. If sellers defend this area, the next support levels to monitor are near 0.00650 and 0.00620. That's a 10-15% drop from current levels.
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