#PORTAL Current Technical Overview:
Price: $0.0439
Recent Low: $0.0427
24h Change: -9.86% (strong downward move)
Volume (PORTAL): 260.94M – relatively high, indicating strong activity.
Indicators:
EMA(7) < EMA(25) < EMA(99) → Classic bearish trend.
MACD: Bearish but flattening (MACD = -0.0001) – possibly bottoming out.
RSI (6): 42.05 → Near oversold territory but showing a slight bounce.
🚨📈 Entry Strategy Suggestion🚨
Aggressive Entry: Enter now (~$0.0439), anticipating continuation of the bounce.
Conservative Entry: Wait for a clear break above EMA(25) (~$0.0454) with volume confirmation.
Stop-Loss: Below the recent low — $0.0425 to minimize downside risk.
Target (Short-term): Around $0.0455–0.0470, near EMA(25) or next resistance level#ETH #BTC