$S /USDT Daily Chart Analysis – ⚠️ Bearish Pressure with Potential for Reversal!

Current Price: $0.4731 (-3.17%)

Daily Range: High: $0.4939 – Low: $0.4611

🔹 Key Technical Insights:

Trend & Price Action:

✅ The price is currently in a bearish phase, showing a -3.17% decline today.

✅ The price has been trading below the moving averages, suggesting downward pressure.

✅ Bollinger Bands are expanding, indicating potential volatility and further downside risk.

Moving Averages (MA):

✅ SMA 5, 10 → Bullish → Suggesting short-term uptrend.

❌ SMA 50 → Bearish → Indicating long-term downward trend continuation.

Momentum Indicators:

RSI (D: 48.84, 15: 55.4, 60: 57.16, 240: 64.03) → Neutral to bearish ⚠️

Stochastic RSI: Bearish crossover → Suggests a potential short-term pullback ✅

MACD: Bearish crossover → Confirms a bearish trend ✅

ADX: Bearish crossover → Trend losing strength ⚠️

MFI (Money Flow Index): Bearish range → Indicates selling pressure ⚠️

VWAP: Downtrend → Suggests ongoing selling pressure ✅

📉 Support & 📈 Resistance Levels:

📈 Resistance: $0.4939, $0.50, $0.55

📉 Support: $0.46, $0.45, $0.40

⚠️ Outlook & Trading Plan:

✅ Bearish Scenario: A break below $0.46 could lead to further declines toward $0.45 - $0.40.

⚠️ Bullish Reversal: A strong breakout above $0.50 could indicate a potential reversal.

📢 Conclusion:

S/USDT is currently under bearish pressure, with momentum indicators such as MACD and Stochastic RSI confirming the downward trend. However, the price remains above the immediate support levels, and a bullish reversal could occur if the price breaks above $0.50. Keep an eye on the price action for any potential shift in momentum.

#SUSDT #Crypto #Trading #TechnicalAnalysis ⚠️