Technical Analysis of BIGTIME/USDT (Time Frame: 1 Minute) – Dated July 17, 2025 – 19:15
---
📉 General Situation:
Current Price: $0.06192
Percentage Change: -1.10%
Highest Price in 24 Hours: $0.06407
Lowest Price in 24 Hours: $0.06061
---
📊 Technical Indicators:
✅ Moving Averages (EMA):
EMA 50 (in Yellow): 0.06189
EMA 150 (in Pink): 0.06181
EMA 200 (in Purple): 0.06186
🔹 The current price is very close to its moving averages, indicating a state of relative balance or the beginning of a new trend formation.
---
📌 Candlestick Reading:
The price bounced from the highest level at $0.06222
Consecutive red candles formed with a gradual decline, followed by a temporary stabilization.
The current candle is small, indicating hesitation or entering a consolidation phase.
---
⚠️ Support and Resistance:
Strong Support: 0.06134 – 0.06129
Short Resistance: 0.06207 then 0.06222
---
✅ Technical Summary:
The price is in a quiet correction phase after a rise.
The short-term trend is neutral leaning towards slight decline.
Staying above $0.06189 (EMA50) may keep the outlook positive in the short term.
Breaking support at $0.06129 may accelerate the drop towards $0.061 or lower.
---
📌 Recommendation (Non-Financial):
For Traders: Watch for a break of support or a breach of resistance to make a quick entry decision.
For Investors: Wait until a clearer trend emerges with confirmation on larger time frames.