RESOLV/USDT is showing volatility and a downward trend in the short term.
Key Indicator Analysis:
EMA (Exponential Moving Average):
The 5-period EMA (0.1509) has crossed below the 10-period EMA (0.1501) and is approaching a cross below the 20-period EMA (0.1504), indicating that it may still be in a downward phase in the short term.
RSI (Relative Strength Index):
The RSI values are generally below 50, especially the 6-period RSI (67.71) and the 12-period RSI (55.06), showing that the buying strength is weak in the short term, with sellers likely in control.
MACD (Moving Average Convergence Divergence):
The MACD indicator shows negative values, and the gap between DIFF and DEA is gradually widening, further supporting the downward trend.
KDJ Indicator:
The K line of KDJ (69.36) is above the D line (60.05), but is currently in the overbought area, suggesting a potential pullback.
Capital Flow:
From the capital inflow and outflow data, particularly over different time periods, there have been some larger sell orders entering the market, indicating potential selling pressure.
Current Trend:
Currently, RESOLV/USDT shows weak selling pressure on the 4-hour and daily charts. In the short term, the price may continue to face downward pressure.
Risk Warning:
Downward Risk: If it breaks the current support level (0.150), it may further test lower price levels.
Rebound Potential: If the price shows a strong rebound, the crossover of the EMA indicators and the RSI entering the oversold range may indicate a potential correction upward in the short term.
Comprehensive Advice:
If currently holding short positions, pay attention to the support level around 0.150; if it breaks this support, further declines may occur.
If seeking buying opportunities, it is recommended to wait for confirmation of the support level before entering, especially when the RSI and KDJ show divergence signals.
