Neutral/Negative Catalysts
- Strong bearish structure (SMA alignment) and negative, worsening MACD momentum.
- Price trading below S1 support (0.83), raising the probability of a move toward S2 (0.771).
- No news in the past week: lack of event-driven catalysts to reverse sentiment.
- Hedge funds and insiders: neutral, offering no supportive flow signal.
- Broader tape: market was down (S&P 500 -0.48%), which can pressure small caps.