### 1. General Trend:
- Current Price: 1.8510 USDT, with a decrease of -1.15%.
- The chart shows a medium-term bearish trend, as the price trades below multiple resistance levels (recent high at 3.7140 USDT).
- There is immediate support at 1.7364 USDT, which is a key level that may determine the upcoming price movement.
### 2. MACD Indicator:
- MACD: -0.3011, DIFF: -0.2029, DEA: -0.0524.
- The indicator is below the zero line, indicating bearish momentum. However, the convergence of MACD lines may signal weakening momentum or the potential for a temporary bullish correction.
### 3. Support and Resistance Levels:
- Nearby Resistance: 1.8557 USDT (recent high).
- Strong Support: 1.7364 USDT. If this level is broken, the price may target 1.65 USDT or lower.
- Fibonacci levels (not shown in the chart) may be used to identify potential bounce areas.
### 4. Trading Volume:
- Trading Volume: 6.90 million USDT, with high liquidity at certain levels (like 3765▼).
- Decreasing volume with the drop may indicate exhaustion of selling momentum.
### 5. Potential Forecasts:
- Bearish Scenario: If the price breaks 1.7364 USDT with confirmation from increased volume, it may continue to drop towards 1.65 USDT.
- Bullish Scenario: If the price bounces from 1.7364 USDT with an improving MACD indicator, it may retest 1.8557 USDT as the first resistance.
### 6. Watch Points:
- Signal Confirmation: Wait for confirmation of support break or bounce before entering a trade.
- Project News: Any developments regarding Mask Network may unexpectedly impact the price.
### Summary:
The pair is under bearish pressure but may see a temporary bounce at 1.7364 USDT. It is advisable to wait for signal confirmation while monitoring the MACD and volume. Using stop-loss orders is essential for risk management.
