Bearish Pressure with a Glimmer of Hope
- Current Price: 107,227 USDT (-1.66%), hovering near today’s lowest levels.
- Key Observation: The downtrend has slowed compared to yesterday (-1.70% → -1.66%), suggesting potential seller exhaustion. Buyers still lack control.
Indicator Analysis: What Do the Numbers Say?
1. Moving Averages (MA): Resistance Wall
- MA7 (107,248): Price repeatedly fails to break this level. A breakout could trigger a minor bullish wave.
- MA25 (107,892) & MA99 (109,232): Strong resistance requiring catalysts (e.g., news/high volume) to breach.
2. Momentum Indicators: Battle Between Saturation and Despair
- RSI (6): 43.2 (not oversold). Drop to 30 may attract buyers.
- MACD (-6.82): Bearish crossover confirms bear dominance.
- %WmR (-62.88): Nearing oversold (-80). Historical rebounds at -80.
3. Support & Resistance Levels: Critical Lines
- Strong Support: 106,600 → 106,361. Breakdown targets 105,000.
- Immediate Resistance: 107,413 (today’s high), then 107,892 (MA25).
4. Volume & Events: Sellers’ Cry
- Daily volume (1,427) above average confirms selling pressure.
- May 25th at 20:00: Watch for news or institutional moves.
Scenarios: The Path Forward
Scenario 1 (60%): Continued Decline
- Path: Test 106,361 → breakdown → 105,000.
- Confirmation: MACD negative + RSI <40.
Scenario 2 (40%): Technical Rebound
- Path: Bounce from 106,361 → break MA7 (107,248) → target 108,465.
- Conditions: Volume surge + RSI >50.
