šØ PRICE ALERT:
$W / USDT šØ
W is showing significant weakness, down nearly 7% in the last 24 hours.
š Key Data Points:
Ā· Current Price: 0.1108 USDT (ā ā¹31.42)
Ā· 24h Change: -6.97% š»
Ā· 24h Low: 0.1097 (We are testing this critical support!)
Ā· 24h High: 0.1280
š Technical Indicators:
Ā· The price is trading BELOW the key MA(7) (0.1153), indicating short-term bearish momentum.
Ā· RSI(6) is at 52.14 ā This suggests there's still room for a further drop before hitting oversold territory (<30).
Ā· Critical Support: A break and close below the 0.1097 level could trigger a sharper decline towards the next major support at the MA(25) (0.0994).
ā ļø Caution Advised: The sell-off is on high volume (427M
$W ), confirming the downward move. Traders should watch the 0.1097 - 0.1100 zone closely.
Strategy: Consider waiting for a bounce confirmation or a break below support before entering any new short positions. Manage your risk carefully!
#Crypto #TradingAlerts #WUSDT #PriceDrop
#TechnicalAnalysis #Support
#Bearish