it's falling a lot

Currency Analysis $AIXBT


Current Price: 0.1410 USDT (+16.53%)

Trading Volume: Active and strong, indicating significant interest from traders.

Technical Indicators Analysis:

1. Moving Averages (MA):

Short-term averages are close to the current price, indicating the likelihood of a continued upward trend if the price does not break the nearby support.

2. Relative Strength Index (RSI - 6): 44.36

It is in the middle area, meaning there is room for upward movement before reaching overbought territory.

3. Williams %R Indicator (Wm %R - 14): -70.8333

Indicates that the price is in the selling zone, but not in strong oversold territory.

4. On-Balance Volume (OBV): 7.55 million

The overall trend of the OBV is stable, supporting the continuation of the upward momentum.

5. Stochastic Indicator (K, D, J):

K: 40.86

D: 31.81

J: 58.96

Indicates price recovery and the potential for an upward trend if it surpasses nearby resistance levels.

6. Stochastic RSI: 58.98

There is still room for upward movement, but it needs confirmation by breaking nearby resistance.

7. MACD Indicator:

DIF: -0.0003

DEA: -0.0003

MACD: -0.0000

Indicates weak momentum currently, but there is a chance to gain strength if demand continues.

Potential Targets:

Upward Targets:

0.1500 USDT → First Resistance

0.1600 USDT → Strong Resistance, breaking it may lead to a strong upward wave

0.1750 USDT → Strong Psychological Level

Downward Targets:

0.1350 USDT → First Support

0.1280 USDT → Major Support

0.1200 USDT → Level to watch in case of a strong correction