$RSR has seen a 24-hour price change of -2.317%, reflecting bearish sentiment.
The price oscillated between 0.007127 and 0.006861, with current levels testing support at 0.006861.
Bollinger Bands indicate tightening volatility, with the upper band at 0.007035 and lower band at 0.006862.
With the overall market in a downtrend, resistance is at 0.007072, suggesting short-term sellers are active.
Macroeconomic concerns such as inflation and regulatory news weigh on investor confidence.
Bitcoin’s current influence appears weak, but any significant movement could shift RSR's trajectory.
Traders should adopt a short-term approach due to heightened volatility.
Key takeaway: Watch for a breach of support levels; it could exacerbate downward pressures.
