OWL/USDT showing cracks after the impressive rally. The token pushed into the $0.115–$0.120 supply zone on the 1-hour timeframe, but buyers couldn't sustain momentum. Price got hammered from that resistance level and is now painting a distribution setup—lower highs piling up, which typically signals worn-out buying pressure.

What's concerning here is the inability to close above those resistance levels. When you see that kind of repeated failure, it often precedes a pullback or deeper correction. The pattern screams buyer exhaustion. OWL still has room to move, but the technical setup is flashing red on short-term strength.

If you're watching this one, keep an eye on whether it can reclaim that $0.120 threshold, or if the bears take control and push lower.