The TOWNS coin is currently trading at $0.0267, marking a decline of about 6% over the last 24 hours. The price movement ranges between $0.0260 – $0.0285, reflecting a state of calm volatility without any strong buying or selling momentum.
Technical Indicators:
The RSI is leaning towards neutral with a slight downward bias, indicating that buyers have not emerged strongly yet.
The EMA moving average is positioned below some short-term averages, weakening the upward trend in the near term.
The MACD remains in a slight negative range, reflecting a temporary dominance of selling pressure.
Support and Resistance Levels:
Support at $0.0260, if broken, could open the door for further decline.
The first resistance at $0.0285, breaking it could give an initial signal for a return of upward momentum. The second resistance at $0.0319 is currently the most important to confirm any new upward trend.
Short-term expectations are sideways volatility with a slight downward bias as long as the price is below $0.0285. In the medium term, if the price manages to hold above $0.0319, a gradual upward trend may begin with targets at $0.0355 – $0.0388.
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