$FORM
#FORM 🔻 Bearish (in the short term) and Bullish (in the long term).⏫ (4 hours chart )
Moving Averages (MA): The short-term MA (7) is above the long-term MA (25) and MA (99), indicating an upward trend in the short term. However, the MA (25) is below the MA (99), suggesting a potential reversal or consolidation in the medium term.
Relative Strength Index (RSI): Although the RSI value is not explicitly shown, we can infer its position based on the chart's behavior. The recent price action shows a decline, which might indicate that the RSI is approaching oversold territory.
Volume: The 24-hour volume is 455,308.90 FORM and 1.32M USDT, indicating moderate trading activity.
Price Action: The price has been declining recently, with a 3.52% drop in the last 24 hours. The 24-hour high and low are 2.9760 and 2.8515, respectively.
Based on these factors, the momentum of the cryptocurrency appears to be *bearish* in the short term, as indicated by the recent price decline and potential oversold RSI. However, the long-term trend remains bullish*l, as suggested by the upward movement of the short-term MA and the overall price action.
