📉 Overall trend:
On the daily timeframe, a downward movement is observed:
The price has dropped from a peak of 123,248 USDT to the current 115,201 USDT.
It has decreased by 2.65% over 24 hours.
Support is around 114,000–113,500 USDT (almost being tested now).
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📊 Indicators:
1. Parabolic SAR (yellow dots):
It is above the candles, indicating the continuation of the downward trend.
2. MA (5) and MA (10):
MA(5) = 14,661, MA(10) = 15,839 — short-term MA is below long-term → bearish crossover.
3. RSI(6) = 27.66:
It is in the oversold zone (<30), which may indicate a potential bounce, but also confirms the current weakness.
4. MACD:
MACD is below the signal line and moves deeper into the negative → the trend is confidently bearish.
The MACD histogram is falling → increasing selling pressure.
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📌 Levels:
Support: 113,500 – 114,000 (if it breaks through — the next one at 108,600 and 103,400).
Resistance: 119,000 – 120,000.
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🔍 Summary:
Technically — the market looks weak, downward pressure continues.