In late 2018, I was looking at Sprint $S with the thinking that it was in a cup-and-handle price bottom attempt. However, the $6.60 resistance was still holding, so I was waiting for a break above that to confirm.Alas, price failed to push through this resistance, and the price bottom scenario appears to be invalid. Sprint Daily Chart(click to enlarge)Bears in Charge:- The cup-and-handle price bottom scenario is becoming less and less likely.- Meanwhile, we can see that the RSI has tagged 30 and has held under 60 for the most part. This reflects bearish momentum.- Furthermore, after failing to break above $660, price fell back below the cluster of 200-, 100-, and 50-day simple moving averages (SMAs.). Then, after a bullish attempt, it has so far respected this cluster as resistance.- If the market continues to show resistance here around $6.00-$6.10, the pressure will build on the $5.50-$5.60 support. - Below $5.50, the 2018-low around $4.90 will be in sight.