A few days ago, I took fans to ambush at 0.941 with a hand of $BARD , earning 7321u!
Came out at the top 1.502, this is the charm of potential coins, one wave earns more than staying up for several days.
Looking at the BARD 1-hour K-line chart, the current price is around 1.0948, with a decline of 7.53%. The overall trend appears to be quite weak.
From a technical perspective, the price has broken below the upper yellow and blue moving average system, which usually indicates a weakening short-term trend. The moving averages may represent key levels such as MA20 or MA50; breaking below indicates insufficient buying power and dominance of short positions.
The K-line, alternating red and green, shows fierce competition between bulls and bears, but after a recent high and subsequent drop, it is oscillating at a low level, indicating heavy selling pressure above.
In the auxiliary chart, if the volume histogram shrinks, it may reflect a decline in market participation. If the MACD indicator is below the zero line and the histogram is negative, it suggests that the downward momentum is still continuing. Other oscillation indicators like RSI may also point to an oversold area, but caution is needed for a rebound repair.
On the news front, I haven’t seen any recent positive or negative news regarding BARD, and there is a lack of on-chain information, which forces me to rely solely on technical analysis for judgment.
In my personal view, the trend of BARD today is likely to continue weak oscillation or further decline, with key support levels around 1.0000. If it breaks below, it may further decline to 0.9000, with resistance around 1.2000. After all, during unstable market conditions, altcoins are easily dragged down. In summary, the technical outlook is bearish.
To avoid detours, follow the right rhythm. Feng Ge has always been seriously analyzing the market and preparing in advance before the trend starts. If you need real-time strategies, you can contact Feng Ge.
