We're all caught between 3 #GREEN candles and 5 #RED ones 😀 $VVV /USDT Testing Support – Is a Bounce Around the Corner❓#VVV is at $2.984, down 8.52% for the day after hitting a low of $2.294 and recovering slightly. The RSI currently stands at 38.48, indicating bearish momentum but nearing oversold territory. The Parabolic SAR suggests downward pressure, but with signs of potential consolidation.
Key Levels to Watch:
Resistance: $3.34 – A breakout above this level could pave the way to $3.50.
Support: $2.83 – Holding this support is vital to prevent a deeper drop toward $2.60.
Market Sentiment:
The MACD remains in the negative zone, hinting at weak buying interest. However, any bullish divergence could signal a reversal, especially if the price holds above key support.
Bottom Line: VVV is at a critical juncture. Traders should monitor for a rebound from $2.83 or a breakout above $3.34 to confirm bullish momentum. Exercise caution, as volatility persists.
