$PSG /USDT TECHNICAL ANALYSIS: FAN TOKEN SHOWS MINOR RECOVERY BUT BEARS STILL CONTROL THE TREND
$PSG /USDT pair is currently trading at $1.868, reflecting a modest +1.41% gain in the last 24 hours. Price action shows a short-term bounce from the recent low of $1.816, while the daily high remains capped at $1.943โhighlighting selling pressure near resistance zones.
๐น Key Technical Highlights:
Short-Term Trend: Attempting recovery after consistent weekly declines.
Resistance Levels: Key resistance is seen near $1.920โ$1.943. A clear breakout above this range is needed for bullish continuation.
Support Levels: Immediate support lies at $1.840, followed by stronger support around $1.800.
Volume Insight: Trading volume over 24h reached 1.49M PSG (โ $2.80M USDT), suggesting moderate interest during the bounce.
๐ Performance Summary:
Today: +0.97%
7 Days: -7.16%
30 Days: -23.42%
90 Days: -12.63%
180 Days: -48.52%
๐ง Market Outlook:
Despite the short-term uptick, $PSG/USDT remains under pressure in the broader downtrend. A break and close above $1.943 with increased volume would signal a possible trend reversal. However, if the price fails to hold above $1.860, a retest of $1.800 is likely.
Caution is advised โ current movement may be a temporary relief bounce unless key resistances are broken.
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