My quick analysis of what is shown in the image:
The current price is approximately $147.54.
The highest price in the last 24 hours was 153.40 and the lowest price was 144.63.
There is a clear drop from the peak of 153.40 to 144.63, then a slight corrective move upward began.
The MACD indicator is negative (the red bars are below the zero line), but there is an attempt for a positive crossover soon.
The StochRSI indicator is low (28.58), which means the currency is in an oversold area and there may be a bullish rebound soon.
What does this mean?
There is a chance for a bullish rebound (slight increase) due to the indicators reaching oversold areas.
But the overall short-term trend is still weak and needs confirmation (for example, breaking resistance at 148-150 with strong trading volume).
Summary:
There may be a slight increase in the coming hours.
If the price breaks down to 144.6, there will be additional downside.
If the price breaks 148-150 with strong volume, it will confirm the beginning of a good rise.
Important support and resistance areas:
Strong support: 144.60 (if broken downward strongly, we may see a larger drop).
Nearby resistance: 148.00 to 150.00 (this area is very important; if the price breaks through with high trading volumes, it gives a strong bullish signal).
Important support and resistance areas:
Strong support: 144.60 (if broken downward strongly, we may see a larger drop).
Nearby resistance: 148.00 to 150.00 (this area is very important; if the price breaks through with high trading volumes, it gives a strong bullish signal).#XRPETFs #AirdropFinderGuide #TrumptaxCuts #SaylorBTCPurchase #BinanceAlphaPoints $TRUMP $SUI
