LISTA Battles Key Resistance at $0.2878: Can Bulls Overcome the Sell Pressure?

• LISTA struggles below key resistance levels, with bearish momentum capping gains.
• Declining volume limits price movement, keeping the market in consolidation.
• Buyers must break $0.2878 to shift sentiment and challenge the downtrend.

LISTA$ trades at $0.1850, reflecting a 12.33% gain, but the price remains bearish, forming lower highs and lower lows since December 2024. Strong support persists near $0.1847, while multiple resistance levels restrict upward movement.

Resistance and Trendline Pressure

The market structure continues to show bearish conditions as price action struggles with key resistance levels. According to Crypto Candy, resistance levels at $0.2878, $0.3211, and $0.3427 serve as significant barriers. The 50-day and 200-day moving averages continue to stay above the price timespan to sustain the ongoing downtrend.

Source: Crypto Candy

Observing market trends, Crypto Candy notes a blue projection zone above $0.3427, suggesting a potential breakout if buyers strengthen momentum. However, the price remains confined below a descending trendline, limiting immediate upside potential.

Liquidity and Supply Zones

Assessing liquidity, Crypto Candy highlights declining trading volume, which has contributed to lower market volatility. Historical support and resistance levels influence price movements, with supply zones at $0.3211 and $0.5070 shaping market behavior.

If the demand is better, a retest of $0.5070 will drive prices further higher up to $0.6000 and $0.6813. But in case of more selling pressure, a drop below $0.1847 will drive further drops, favoring bearish support.

Accumulation Phase and Breakout Potential

Tracking price behavior, Crypto Candy identifies an ongoing accumulation phase near $0.1850. Supply zones still top upside moves, acting as a barrier to sustained rallies. The green trendline remains a significant resistance level, capping any short-term bullish efforts. A breakout above $0.2878 would signal a trend reversal if the bulls gain control.

Observing market conditions, continued weakness may drive prices lower, keeping LISTA in its deep bearish channel. Looking at major levels, Crypto Candy concludes that the market remains in consolidation, with liquidity and volume coming into play as determinants for the next move.