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NIL currently sitting at 0.1119, down 11% and flirting with that 0.1100 support zone. Not looking great tbh.
The daily's been squeezed under 0.1500 for a while now. Two scenarios playing out: either we breakout toward 0.2500, or things get ugly below 0.1000.
Technicals aren't helping the bull case. RSI's deep in oversold territory, MACD's screaming bearish divergence, and volume's spiking on the downside. Momentum? Yeah, it's telling you to stay cautious here. Bulls really need something to shift the narrative fast.