DATA is the digital currency for the Streamr project, which focuses on decentralized data and real-time data exchange using blockchain technology.
✅ Streamr project goals:
1. Creating a decentralized data marketplace where users can buy and sell data with confidence and transparency.
2. Enabling the Internet of Things (IoT) to exchange data in real-time.
3. Data privacy protection through advanced encryption techniques.
4. Using smart contracts to incentivize data exchange between users.
✅ Support areas:
1. 0.01441 – A clear horizontal support, from which the price recently bounced.
2. 0.01325 – Medium-term support (close to the 99 average).
3. 0.01236 – The lowest price in 24 hours and currently a very strong support.
✅ Resistance areas:
1. 0.01557 – Nearby resistance, formed after the price rejection.
2. 0.01762 – Current highest peak, representing a major resistance in the short term.
3. 0.01789 – Psychological resistance (forms a supply zone).
🔍 Will the price rise? (Short-term forecast):
✅ The price is above the moving averages MA(25) and MA(99), providing a positive signal.
✅ Trading volume is high compared to previous levels, indicating an influx of liquidity.
⚠️ Relative Strength Index (RSI) = 41, meaning it is not in overbought or oversold territory, but it has started to decline, indicating a potential temporary correction.
❗The price temporarily broke the resistance at 0.01557 but fell back below it, which may indicate a temporary weakness in upward momentum.
📈 The result:
If the price maintains the 0.0144 area as support, it is likely to rise again towards 0.0175 - 0.018.
However, if it breaks below 0.0144 with a clear candle close, we may see a correction towards 0.0132 or even 0.0123.
