$DATA has experienced a notable 5.432% drop in price over the past 24 hours.
The trading range of 0.01701 to 0.01561 indicates increased volatility.
Current Bollinger Bands suggest that the price is approaching the lower band, hinting at potential further declines.
With established support at 0.01561 and resistance at 0.01701, vigilance is essential.
The overall market trend remains bearish, impacting trader sentiment.
Macroeconomic factors such as inflation concerns and regulatory news may exacerbate volatility.
Bitcoin's current undefined influence suggests weak correlation, allowing DATA to react independently.
Traders should consider a short-term trading strategy due to the prevailing downtrend.
Key takeaway: Monitor macroeconomic developments closely as they could dictate further price action in DATA.
