$ARDR A comprehensive analysis of the price movement of ARDR/USDT on the daily timeframe:
1๏ธโฃ Current price
๐น Current price: 0.08839 USDT
๐น Percentage change during the day: -9.27%
2๏ธโฃ Important indicators from the images
๐น Highest price in 24 hours: 0.11061 USDT
๐น Lowest price in 24 hours: 0.08750 USDT
๐น RSI Indicator (6): 20.75
๐น MACD Indicator:
DIF: -0.00169
DEA: -0.00048
MACD: -0.00121
๐น Bollinger Bands Indicator:
Upper limit (UP): 0.11001
Average (MB): 0.10123
Minimum (DN): 0.09245
3๏ธโฃ Technical indicators analysis
โ Bollinger Bands:
The current price is below the Bollinger Band minimum (DN=0.09245), indicating strong selling pressure and the possibility of a short-term upward correction at least (technical rebound).
The general trend is bearish, as the Bollinger limits have slightly expanded with the price falling outside the range.
โ RSI Indicator:
RSI reading=20.75 is in the oversold area, supporting the idea of a potential temporary bounce.
โ MACD Indicator:
The lines below zero (DIF and DEA are negative), confirming the bearish trend.
The gap between DIF and DEA still exists, indicating continued selling pressure.
4๏ธโฃ General price trend
โ Through the candles, there is a series of lower highs and lower lows, confirming the bearish trend on the daily timeframe.
โ Trading volumes are relatively low, reinforcing the weakness of the upward momentum.
โ As long as the price is below 0.09245 (Bollinger minimum), the outlook will remain negative in the short term.
5๏ธโฃ Support and resistance areas
๐ด Current strong support:
0.08750 USDT (24-hour low)
0.07922 USDT (near historical low)
๐ข First resistance:
0.09245 USDT (Bollinger minimum)
0.10123 USDT (Bollinger moving average).
6๏ธโฃ Future outlook (two scenarios)
๐น Negative scenario:
If the price fails to surpass 0.09245 (resistance level), it may continue to drop towards 0.08750 or even 0.07922.
๐น Positive scenario (potential short-term correction):
Due to the selling pressure (low RSI), an upward rebound may occur to test 0.09245 and possibly 0.10123.
๐ฅ Summary and recommendation ๐ฅ
โ General trend on the daily frame: bearish.
โ There are signals for a potential short-term bounce (very low RSI), but the overall picture remains negative.
โ It is recommended to monitor the price at 0.09245; if it fails to break above it, the continuation of the drop may be confirmed.
โ For investors: wait to buy until clear reversal signals appear (such as breaking resistance or positive MACD crossover).
โ For quick traders: a short rebound (Scalp) can be exploited provided strict risk management.
