🔎 MGO/USDT 30-Min Chart Analysis (June 28, 2025)
Trend:
Price is in a short-term downtrend, confirmed by the descending resistance line (blue).
Support is holding around $0.01533 (red line), which is a key level to watch.
Current Price:
Trading at $0.01622, hovering near local support, with very weak momentum.
RSI (10):
RSI around 45–46, indicating neutral to slightly bearish momentum — no overbought/oversold signal.
⚠️ Summary:
🔻 Bearish bias under the descending trendline.
🔴 If $0.01533 breaks, expect downside acceleration.
✅ A breakout above the blue line (around $0.0168–0.0170) could flip structure bullish short-term.
Outlook:
Likely to stay range-bound unless volume spikes. Watch for breakout or breakdown confirmation soon.