ALEO.............Reversal confirm or not!!!!

Aleo (ALEOUSDT) Technical Analysis (1D Chart)
1. Price Action & Market Structure
The price is in a clear downtrend, forming lower highs (LH) and lower lows (LL).
Recently, a new lower low (LL) has formed, signaling continued bearish pressure.
The price is currently trading below the 50-SMA (0.5630), which acts as resistance.
2. RSI (Relative Strength Index) – Bullish Divergence
The RSI (14) is 42.85, meaning the asset is in a neutral-to-slightly oversold territory.
A bullish divergence is forming—price is making lower lows, while RSI is making higher lows.
This could indicate potential reversal or relief rally if buying pressure increases.
3. Volume & Market Participation
Volume is relatively low (1.1M ALEO), indicating a lack of strong buying momentum.
A significant spike in volume would be needed to confirm a trend reversal.
4. Key Levels to Watch
Support: The red horizontal line (around 0.4319) is a critical level; breaking below could lead to further downside.
Resistance:
0.5630 (50-SMA) – First major resistance.
0.80 - 1.00 – Psychological resistance zone.
5. Possible Scenarios
🔹 Bullish Case (Reversal Attempt)

If price holds the 0.43 support level and RSI continues its upward trend, we could see a breakout attempt towards 0.56 and possibly 0.80.
A volume increase would strengthen this case.
🔹 Bearish Case (Further Decline)

If price breaks below 0.43, the next potential support zone is around 0.30-0.35.
If volume remains weak, it may continue its downtrend.
Conclusion
Short-term: Watch for RSI strength and price reaction at 0.43.
Medium-term: Needs to reclaim 0.56 (50-SMA) to confirm a reversal.