Current price: 175.25 USDT
Candles: 1 hour
EMAs:
EMA(7): 170.12
EMA(25): 172.23
EMA(50): 172.47
EMA(200): 163.81
Analysis:
The price is above the EMA 200, indicating an overall still bullish trend in the medium term.
However, the current price is below the EMAs 7, 25, and 50, suggesting a correction or bearish pressure in the short term.
The recent peak was 184.87 USDT and a lower high is forming, which may anticipate a bearish movement if there is no bounce soon.
Possible movements
🔽 Likely bearish scenario:
If it breaks 172 USDT (EMA50 support), it could head toward the 170–168 USDT zone.
If it loses that zone, the next strong support is the EMA 200 at 163.8 USDT.
🔼 Bullish scenario:
Needs to recover above 177–178 USDT to invalidate bearish pressure.
If it exceeds 180 USDT, it could retest 184.87 USDT.
Conclusion
Currently, there is short-term bearish pressure, but with an overall trend still healthy. Watch the support zone at 172 and 170 USDT. A strong bounce in that area could provide an entry opportunity. However, a clear break of the EMA200 would be a signal of more significant weakness.