#BinanceHODLerPLUME Technical Analysis
1. General Trend
Current Price: 8.948 USDT, down 4.61%.
There is a clear downward trend since the level of 10.785 USDT, with a bottom formed at 8.620 USDT.
The price is currently moving within a defined range between approximately 8.620 and 9.464.
2. Moving Averages (EMA)
EMA7 (Yellow): 8.959 → close to the current price, indicating an attempt for the price to maintain a level close to the short-term average.
EMA25 (Pink): 9.055 → the price is below, reflecting downward pressure.
EMA99 (Purple): 9.277 → the price is below, indicating the continuation of the overall downward trend in the medium term.
Overall, the moving averages indicate selling pressure and the price is below the averages, which gives a bearish signal.
3. Volume
The trading volume is not high currently, indicating that the recent movement is weak and not supported by strong buying power.
4. Technical Indicators
OBV (On-Balance Volume): Very negative (-2,211,530.810), indicating that selling is dominant in the market.
Williams %R (-59.091): Close to the neutral zone, not in the area of overbought or oversold sharply.
The price appears relatively stable after the drop, perhaps in a consolidation phase before the next move.
5. Support and Resistance
Main Support: 8.620 (the last bottom)
Main Resistance: around 9.464 – 9.941 (the upper drawn range)
Any breakout above 9.464 may provide a short-term upward opportunity,