#BTCvsETH The analytical calculation of TAUSDT currency according to the attached image (140 words):
The currency has experienced a sharp decline of -9.36% over 24 hours, with the price dropping from 0.1817 to 0.1181, recording a low at 0.1123. This rapid collapse reveals a clear break of a strong support area that was at 0.1267, leading to a massive selling acceleration.
The Relative Strength Index (RSI) = 26.9 indicates entry into an oversold area, which may signal a temporary technical rebound, but does not mean the end of the downward trend. Likewise, the Stochastic K = 26.06 and D = 27.33 support the same view.
The large trading volume (951.92M TA) against weak USDT value (140.19M) may indicate massive selling pressure from currency holders. The overall trend is currently negative, with key resistances at 0.1267 and 0.1348, while the next support is at 0.1120 then 0.1104.
Technical analysis confirms the presence of a negative breakout from a symmetrical triangle, which suggests the continuation of the downward trend unless a strong upward breakout occurs.