$DATA / USDT Showing Significant Downtrend on Binance - Be Cautious! ๐จ
Streamr DATAcoin ( $DATA ) is currently trading at $0.01463 on Binance, experiencing a sharp decline of 3.37% on the 4-hour chart and a substantial 10.74% overall.
The 4-hour chart clearly illustrates strong bearish momentum. The price has broken below multiple potential support levels and is currently trading just above its 24-hour low of $0.01438. The 24-hour high of $0.01697 highlights the extent of the recent sell-off.
The current price action suggests continued downward pressure. If the $0.01438 support level is breached, we could see a further drop towards $0.0140 or even lower levels.
On the upside, significant resistance is expected around the $0.0150 and $0.0155 zones. A strong bullish reversal would be needed to negate the current bearish sentiment.
Key Levels to Watch:
Potential Support: $0.01438, $0.0140
Potential Resistance: $0.0150, $0.0155, $0.0160
Exercise extreme caution as it $DATA is currently exhibiting strong bearish momentum. Monitor volume and price action closely for any signs of potential reversal, but be prepared for further downside.
