$AWE has recorded a short liquidation of $1.2418K at $0.08923, signaling continued volatility in its correction phase. Price remains below key moving averages (7-day, 30-day, 50-day, and 200-day), indicating that bearish pressure dominates the market. The break below the main pivot and the loss of significant Fibonacci retracement levels reinforce the downward trend.
Momentum indicators highlight potential short-term relief: RSI is nearing oversold conditions, suggesting a possible bounce, while MACD continues to reflect bearish control. Examining 24-hour price action and volume, net outflows persist, pointing to ongoing distribution.
Immediate support zones are at $0.087 and $0.085–$0.086, with downside risk extending toward $0.082–$0.083. Key resistance areas lie at $0.092–$0.094 and $0.096–$0.098, which must be reclaimed to shift momentum. Short-term rebounds are possible, but the broader trend remains weak. DYOR and watch for volume confirmation before acting on any reversal.
#USTechFundFlows #TrumpCanadaTariffsOverturned #CZAMAonBinanceSquare
AWE
0.08942
+4.79%