$CLORE
The price has reached new all‑time lows and continues to trade below the red trend line that was highlighted in earlier updates. The price movement still closely follows this downward‑sloping trend line, which defines the overarching downtrend.
As mentioned earlier, a sustainable breakout above this red trend line would be required to provide the first signal that the market may be attempting to form a bottom. As long as such a breakout does not occur, the current structure remains consistent with further downward pressure and so far provides no structural indications of stabilization.
If the market manages to break out above the trend line, the focus would shift to the next resistance zone. This zone is also marked in red on the chart and represents the potential target area for a corrective counter‑move in a blue Wave 4.
