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Based on the daily chart for **AEON/USDT**, here is a simple breakdown of what is happening and what to expect: * **Current Trend:** AEON is taking a steep hit. It is down **18.94%** on the day, trading at around **$0.09300**. * **The Look:** After hitting a high near **$0.18500**, the price has plunged through a series of long red candles. The massive red volume bars at the bottom show that a lot of people are selling off their coins quickly. * **Support and Resistance:** * **Support (Floor):** The immediate low is sitting around **$AEON 0.08560**. If it drops below that floor, it could fall even faster because there isn't much visible support underneath it. * **Resistance (Ceiling):** The closest ceiling is up around **$AEON 0.12000**. It would take a major surge in buying volume just to get back near that level. **The Outlook:** This chart looks very weak and bearish in the short term. Because it is dropping fast with heavy selling pressure, it is a high-risk situation. Expect it to stay choppy or drift lower until buyers step in to build a solid base.