It seems that there has been a recent decline. In addition to the relatively high trading volumes in the previous period, there are important points that need to be analyzed further:
1. RSI (Relative Strength Index): The RSI is around 28,797, which indicates that it is in the oversold (oversold) zone. A rebound is likely.
2. MACD (Moving Average Convergence Divergence): The MACD value shows that the DIF line is below the DEA line, which is a down signal (bearish momentum) and it is worth watching for a crossover.
3. Support and resistance levels:
A significant support near $24,300 (24-hour low).
Resistance at $79,700 (24-hour high).
4. Volume: The previous trading volume was very high. There was some interest from investors, but it has now started to decrease slightly. This may reflect the expectation of seeing the direction of the market.
Forecast:
If RSI and MACD show signs of reversal, there is a chance that the price will rise and test the resistance level.#RSİ #MACDStrategies