The daily candlestick is a long bearish candle with a lower shadow, the trading volume is normal, the daily MA30 line has an upward trend and is gradually flattening, and the MACD is showing weakening upward momentum near the zero axis, with the fast and slow lines about to cross bearishly.
The price is falling along with Bitcoin and Ethereum, and after reaching near the daily MA30 line and the 12-hour EMA52 line, it has formed a rebound at the hourly level, but the rebound appears to be somewhat weak.
Currently, the daily level downward momentum has not been fully released, and further declines are expected after the rebound, with the daily EMA52 line and MA120 line being relatively strong support levels in the near term.
Daily level resistance levels are 190-199-213-237-250, and support levels are 174-164-156-145-136.
