$AZTEC USDT Under Pressure – Is This the Dip or More Downside Ahead?
AZTECUSDT (Perp) is currently trading around 0.01648, down nearly 14.8% on the day. After rejecting the 0.0199 high, price has seen strong intraday selling pressure and is now hovering close to local support.
Technical Analysis
On the 15m timeframe, price structure shows:
Key Resistance: 0.01740 – 0.01760 (recent lower high zone)
Major Resistance: 0.01850 – 0.01900
Immediate Support: 0.01600 – 0.01610 (24h low area)
Breakdown Support: 0.01550 psychological zone
We’ve seen a clear lower high formation after the bounce attempt near 0.0175, followed by a strong bearish candle pushing price back toward support. Momentum has weakened, and short-term structure remains bearish unless bulls reclaim 0.0175 with strong volume.
Although RSI and MACD are not visible in detail here, price behavior suggests momentum exhaustion after the relief bounce. The sharp rejection from mid-range confirms sellers are still in control intraday.
Market Sentiment
Short-term sentiment is Bearish.
The trend shows lower highs and aggressive sell-offs on rallies. Until AZTEC reclaims the 0.0175–0.0180 zone with confirmation, bulls remain on the defensive.
Strategy
Current structure favors patience.
Aggressive traders could look for:
Short entries on rejection near 0.0174–0.0176
Stop loss above 0.0180
Targets near 0.0160 and 0.0155
For safer positioning:
Wait for either a clean bounce with confirmation above 0.0176
Or a breakdown and retest below 0.0160
Recommendation: Wait for confirmation before trading. The market is volatile and reacting strongly to resistance zones.
Engagement
Do you think 0.0160 will hold as support, or are we heading toward a deeper correction below 0.0155?
Not Financial Advice (NFA). Always manage risk properly.
