The current price (1,729.79) is significantly below EMA(7)/EMA(25)/EMA(99) (1,773~1,886), and the three EMAs are in a bearish arrangement (short-term moving average below), indicating a bearish bias in the medium to long term.
In the MACD indicator, both DIF and DEA are negative and diverging downwards. The MACD histogram (-3.64) shows that the downward momentum is still continuing.
Short-term risk:
The price is close to the 24-hour low support level (1,710). If it breaks below, it may accelerate the decline to 1,697 (lower support marked on the chart).
If the price rebounds, watch for resistance near EMA(7) (1,773). If it does not effectively break through, the downward trend remains unchanged.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.
