Overview

• The coin slipped from its July 21 peak of $0.28 to around $0.19, marking an almost 30% decline over the past two weeks.
• A 20/200-day moving average golden cross formed in late July, indicating that the longer-term bullish trend remains intact.
• The RSI has fallen below 50 and the MACD has turned negative, signaling a pronounced loss of upward momentum and a technical reset.
• Futures open interest remains near $3 billion even as Binance longs outnumber shorts by about 3:1 and OKX longs by 3.6:1.
• A sustained daily close below $0.19 risks a 12%–24% slide toward $0.17–$0.15; a firm defense could open a rebound to $0.22–$0.24.