#RESOLVTUSDT 🤑🤑🤑
Based on the data provided in the screenshot, here is the technical analysis for RESOLV/USDT:
🔴. Current price action:
- Current price: 0.2969 USDT (down -22.13% from the previous level).
- Support and resistance levels (from the "ratio" section):
- Nearby resistance: 0.3144
- Strong support: 0.2907 (lowest level in 24 hours).
- Other levels: 0.3450 (medium resistance), 0.2969 (current support).
🔴 Momentum indicators:
- RSI (Relative Strength Index):
- RSI(6): 19.39 Severe selling saturation (below 30 indicates potential rebound).
- RSI(14): 27.51 Selling saturation.
- RSI(24): 30.57 Approaching the selling saturation area.
- Signal: Strong downward momentum, but selling saturation may cause a short-term rebound.
🔴 Trading volume and averages (Volume & MA):
- Trading volume (24h): 143.34M for RESOLV / 50.11M for USDT.
- Volume moving averages (Volume MA):
- MA(5): 4.9M → Indicates a recent increase in demand.
- MA(10): 4.5M → Upward volume trend.
- Signal: Increasing volume with falling price shows strong selling pressure, but it may reverse if accompanied by positive indicators.
🔴Key levels for orders (Order Book):
- Immediate support: 0.2969 (tested as a new level).
- Resistance: 0.3144 (must be broken to begin recovery).
- Danger zone: Breaking 0.2907 may push the price to 0.2756 (next unmentioned support).
🔴General context:
- Currency classification: DeFi (high volatility sector).
- Direction: Sharp downtrend (-22.13%) with clear selling saturation.
- Strengths: Selling saturation (RSI <30) may trigger a technical rebound.
- Weaknesses: Dominant selling pressure and high trading volume in the downtrend.
🔴 Technical recommendations:
1. Short-term traders:
- Buying entry: Upon rebound from 0.2907–0.2969 with confirmation of positivity in RSI.
- Profit target: 0.3144 (nearby resistance).
- Stop loss: below 0.2907.
2. Long-term traders:
- Wait until:
- Breaking resistance 0.3144.
- RSI(14) improvement above 50.
3. *Warning:
- Any break of 0.2907 may strengthen the drop to 0.2750 or lower.
- The DeFi sector is sensitive to negative news → Monitor project news.
⚠️ Note: It is recommended to use additional indicators such as MACD or Fibonacci levels for confirmation, knowing that this is analysis only and not investment advice or schedules.