We’re all caught between 3,649,751,978,75 candles and 5,267,084,063,63 candles 😀 $VVV/USDT is testing support – a bounce is around the corner#VVVis at $2,984, down 8.52% on the day after hitting a low of $2,294 and making a small recovery. The RSI is currently at 38.48, indicating bearish momentum but approaching oversold territory. The Parabolic SAR is pointing to bearish pressure but with signs of potential consolidation.
Key levels to watch:
Resistance: $3.34 – a break above this level could pave the way for $3.50.
Support: $2.83 – holding this support is vital to prevent a deeper fall towards $2.60.
Market Sentiment:
MACD remains in negative territory, indicating weak buying interest. However, any bullish divergence could signal a reversal, especially if the price holds above key support.
Bottom Line: VVV is at a critical juncture. Traders should watch for a bounce off $2.83 or a break above $3.34 to confirm bullish momentum. Be cautious as volatility remains.
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