The indicators are pointing to continued sideways movement rather than a breakout:
RSI (Relative Strength Index) is sitting around 56, a neutral zone that shows neither strong buying nor selling pressure. No decisive momentum.
Stochastic RSI is also stuck around 69, a middle ground. It’s not in the overbought territory but far from being oversold, signaling indecision.
MACD (Moving Average Convergence Divergence) is flat, with the MACD line barely separating from the signal line. This is a classic signal of a range-bound market.
Bollinger Bands are tightening, which means volatility is shrinking. In such cases, price usually bounces between these bands without a clear direction.
Volume is declining. Fading volume means there’s no conviction among buyers or sellers, a textbook signal of sideways movement.
Price action is bouncing between 100,000 and 105,000, unable to break through either resistance or support. This range is acting as a cage for price action.
No strong momentum, no decisive volume spike, and no clear break from the range — this is a sideways market until proven otherwise.