🔍 SOON Analysis – RSI Oversold, Reversal Incoming? 🔍
📉 SOON is a trending altcoin currently under pressure, down 2.21% in the last 24 hours. With RSI deep in oversold territory and volume tapering off, traders are watching for a potential bounce or further breakdown.
📈 Technical Analysis
- Short-term trend: Bearish
- Support: $0.27326
- Resistance: $0.31315
- Pattern: Descending channel, possible base forming
- Volume: Weak at 31.7M, declining with price
- RSI: 34.3 – oversold zone, potential reversal setup
- MA(5) < MA(10) – bearish alignment
- Short-term outlook: Bearish
📰 Market Data & News
- Current price: $0.28500 (−2.21%)
- 24h High/Low: $0.31315 / $0.27326
- Volume (SOON): 332.33M
- No major news, but price action suggests capitulation phase
🔄 Scenario Breakdown
- Bullish Case: Bounce from $0.273 with RSI recovery and volume spike
- Bearish Case: Breakdown below $0.273 confirms continuation toward $0.25 zone
📊 Sentiment Meter
📉 Bearish Bias – Sellers in control, weak volume
⚠️ Risk Level
🔴 High – Volatile price swings, weak support, unclear trend
Will SOON rebound from oversold levels or continue sliding? Share your view 👇
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📢 Reminder: This is educational content. No guarantees, no advice—just charts, data, and perspective.
SOON #TheCryptoMalik