The current price trades at 0.64317, just above that key technical level. The 100-day MA remains a critical barometer—a successful hold could spark a larger rebound, while a sustained break below would open the door for further downside momentum.
0.6407 – Prior swing level support
0.63719 – June low
A move below these levels would incrementally erode bullish sentiment built since the April low and shift the technical bias more firmly in favor of sellers.
Getting below the 100 day moving average would be supportive of the sellers, but the 200 day and 38.2% retracement are equally as important if the sellers are to take more control..
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