$OBOL 📉 1 month frame (1M)
• Current price: 0.1078 USDT
• After listing at a price of 0.44, the token dropped straight down to the range of 0.0889 and then moved sideways.
• The extremely long candle body for the month → indicates tremendous selling pressure since the listing.
• RSI has not shown ( too short data) → difficult to determine supply and demand strength.
👉 Overall: resembles a falling knife model (Falling Knife) rather than a clearly formed uptrend.
📉 1-week frame (1W)
• After a strong drop, the price temporarily bottomed at 0.0889 and then moved sideways around 0.10 – 0.12.
• RSI(6/12) = 22 – 27 → extremely oversold, with the possibility of a technical rebound.
• Volume has gradually decreased, indicating that the market is waiting for a new direction.
👉 The current shape is quite similar:
• Accumulation base after the dump ( → if it holds above 0.0889, it may bounce back.
• If the price breaks through 0.12 – 0.13 → a small Double Bottom )W pattern may gradually form (.
• If it breaks down to 0.0889 → consider it a breakdown, continuing to fall to the zone of 0.07.
✅ Conclusion
• Short term: OBOL is in a narrow sideways range, not showing a clear pattern ) not a Cup & Handle, also not sufficient for a Double Bottom (.
• Strategy:
• Safe entry: should only be considered if there is a strong breakout above 0.13.
• Stoploss: below 0.0889.
• Technical target: 0.15 – 0.18, further is 0.22.