$DMC
#dmcusdt Current price is $0.004033 (-20.83% in 24h), hovering just above the 24h low of $0.003900. The coin shows strong bearish momentum with these key observations:
1. Trend & Momentum:
- Price remains below all key Bollinger Bands (20,2) levels (UP:0.005048, MB:0.004450, DN:0.003852)
- RSI(6) between 27-35 (weak but not extremely oversold)
- MACD shows slight bearish crossover (DIF below DEA)
2. Volume & Liquidity:
- Declining volume (MA5 dropping from 5.7B to 164M)
- Current 24h volume at 168M USDT
3. Key Levels:
- Resistance: $0.004450 (middle Bollinger Band)
- Strong resistance: $0.005048 (upper Bollinger Band)
- Critical support: $0.003900 (24h low)
Trading Approach:
Short opportunities appear stronger while price remains below $0.004450. A break below $0.003900 could accelerate downward movement. For longs, wait for either:
1) RSI(6) crossing above 40 with volume support, or
2) Price reclaiming $0.004450 level
The asset shows high volatility but clear bearish dominance in current market structure
#DMCUSD1 #BinanceHODLerSAHARA #NEWTBinanceHODLer #signaladvisor $LINK $W