OND0/USDT in the 30-minute timeframe is in a clear downtrend. The price is below both EMA9 and EMA34, confirming that selling pressure is dominant. Bollinger Bands are expanding with the price closely adhering to the lower band, indicating strong selling pressure. Stochastic RSI and MACD are both deep in the oversold region, but there are no clear reversal signals yet. MACD continues to expand its downward momentum with a long red histogram, indicating that the bearish momentum is not yet over. Trading volume is also gradually decreasing, indicating that the market is cooling off after the dump.
In summary: the short-term trend is still bearish, with the nearest support level at 0.875. If it cannot hold, it may fall further. To bounce back, it must break EMA9 around 0.89 with high volume to have a chance of recovery. Avoid catching the bottom at this time.#dolugcrypt
