Neutral/Negative Catalysts
- Strong bearish technical structure (bearish MA stack + expanding negative MACD) increases odds that support breaks.
- No news in the past week: lack of near-term catalysts to reverse sentiment.
- Broader market risk-off: S&P 500 down -1.39% adds pressure to micro/small-cap risk assets.
- If S1 fails, next notable support is lower at ~0.462 (S2), implying additional downside room.