Current situation (1-hour frame)
✅ Current price: 0.4716 USDT
✅ Price change over 24 hours: -6.71%
✅ Highest price in 24 hours: 0.5069 USDT
✅ Lowest price in 24 hours: 0.4565 USDT
Technical Analysis Indicators
1️⃣ Bollinger Bands
Current situation (1-hour frame)
✅ Current price: 0.4716 USDT
✅ Price change over 24 hours: -6.71%
✅ Highest price in 24 hours: 0.5069 USDT
✅ Lowest price in 24 hours: 0.4565 USDT
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Technical Analysis Indicators
1️⃣ Bollinger Bands
Current price is very close to the lower limit (DN: 0.4666).
Bollinger Moving Average (MB: 0.4810) is above the current price.
✅ Signal of strong selling pressure – but may also indicate the potential for a short-term rebound.
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2️⃣ Relative Strength Index RSI (6)
RSI = 31
✅ Near the oversold area (30), indicating the potential for an upward bounce soon.
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3️⃣ MACD Indicator
DIF: -0.0079
DEA: -0.0092
MACD: 0.0012
✅ MACD is in the negative zone but there is a small bullish crossover, indicating the possibility of a short-term bounce.
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4️⃣ Volume
Increase in volume during some recent candles may enhance the likelihood of a sudden price move.
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Short-term Trend Analysis (Hours)
🔴 The overall trend on the hourly frame is still downward, evident from:
Downward Bollinger Channels.
Lower highs and lower lows.
🟢 However, there are short-term signals for a potential upward correction:
RSI is close to being oversold.
Simple bullish crossover in MACD.
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Upcoming Forecasts (Hours and Days)
🔮 Coming hours (1-6 hours):
We may witness a slight upward bounce to test the level of 0.48 – 0.49 USDT (Bollinger midline).
If the bounce fails, a retest of the 0.4565 area (previous strong support) is likely.
🔮 Coming days (1-3 days):
As long as the price does not break the Bollinger moving average (MB: 0.4810) firmly, the overall trend remains downward.
If 0.4565 is broken downwards, we may see further decline to the support level of 0.44 – 0.42.
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Summary of My Recommendations
✅ If you are a trader (Scalper/Intraday):
Watch for any bounce from the 0.46 – 0.47 USDT area with targets of 0.48 – 0.49.
Place a stop loss below 0.4565 to ensure risk reduction.
✅ If you are a medium-term investor:
The overall trend is still downward; it is not advisable to enter now unless the price stabilizes above 0.50 USDT.
A strong price base may be forming near 0.44 – 0.42. Current price is very close to the lower limit (DN: 0.4666).
Bollinger Moving Average (MB: 0.4810) is above the current price.
✅ Signal of strong selling pressure – but may also indicate the potential for a short-term rebound.
---
2️⃣ Relative Strength Index RSI (6)
RSI = 31
✅ Near the oversold area (30), indicating the potential for an upward bounce soon.
---
3️⃣ MACD Indicator
DIF: -0.0079
DEA: -0.0092
MACD: 0.0012
✅ MACD is in the negative zone but there is a small bullish crossover, indicating the possibility of a short-term bounce.
---
4️⃣ Volume
Increase in volume during some recent candles may enhance the likelihood of a sudden price move.
---
Short-term Trend Analysis (Hours)
🔴 The overall trend on the hourly frame is still downward, evident from:
Downward Bollinger Channels.
Lower highs and lower lows.
🟢 However, there are short-term signals for a potential upward correction:
RSI is close to being oversold.
Simple bullish crossover in MACD.
Upcoming Forecasts (Hours and Days)
🔮 Coming hours (1-6 hours):
We may witness a slight upward bounce to test the level of 0.48 – 0.49 USDT (Bollinger midline).
If the bounce fails, a retest of the 0.4565 area (previous strong support) is likely.
🔮 Coming days (1-3 days):
As long as the price does not break the Bollinger moving average (MB: 0.4810) firmly, the overall trend remains downward.
If 0.4565 is broken downwards, we may see further decline to the support level of 0.44 – 0.42.
Summary of My Recommendations
✅ If you are a trader (Scalper/Intraday):
Watch for any bounce from the 0.46 – 0.47 USDT area with targets of 0.48 – 0.49.
Place a stop loss below 0.4565 to ensure risk reduction.
✅ If you are a medium-term investor:
The overall trend is still downward; it is not advisable to enter now unless the price stabilizes above 0.50 USDT.
A strong price base may be forming near 0.44 – 0.42.
