Neutral/Negative Catalysts
- No news in the recent week: lack of event-driven catalysts to spark sustained demand.
- Strong bearish trend persists (MA stack bearish; price below key pivot), increasing probability that any bounce gets sold.
- Price is below/around key support (S1 1.814), with S2 1.467 as the next downside area if weakness continues.
- Broader market is risk-off today (S&P 500 -0.86%), which can pressure micro/small-cap names disproportionately.