Here's a technical analysis of the BMT/USDT 4-hour chart you shared:
š¹ Current Price:
$0.0870 (+3.33%)
š¹ Key Technical Indicators:
Moving Averages (MA):
MA(7): 0.0859 ā Price is currently above the short-term MA, showing slight bullishness.
MA(25): 0.0861 ā Price is also above the medium-term MA.
MA(99): 0.0904 ā Price is below the long-term MA (downtrend still intact).
Volume:
Volume is relatively stable with no major spikes, indicating low momentum right now.
Last visible spike occurred during a sharp drop.
RSI (Relative Strength Index):
RSI(6): 66.47 (approaching overbought)
RSI(12): 56.63 (neutral-bullish)
RSI(24): 49.64 (neutral)
RSI shows some short-term buying pressure, but longer-term RSI is still neutral.
Support & Resistance:
Support: ~$0.0813 (recent low)
Resistance: ~$0.0922 (next potential ceiling)
Additional major resistance: ~$0.099ā$0.10 (near MA(99))
šø Trend Overview:
Recent Downtrend: The price sharply dropped from ~0.1453 to 0.0813.
Now consolidating between 0.0813ā0.087 with sideways movement.
Short-term reversal possible, but longer-term trend still bearish unless it breaks above 0.092ā0.095.
š¹ Short-Term Prediction (Next 2ā5 Days):
If volume increases and RSI breaks into overbought:
š¼ Possible retest of $0.092ā0.095
If it fails to break resistance:
š½ May fall back toward $0.083ā0.081
š Conclusion:
Short-Term Bias: Mildly bullish due to RSI and price > MA(7)/(25).
Trend Reversal? Not confirmed until price reclaims MA(99) at $0.0904+ with strong volume.
Watch levels:
Breakout zone: $0.092ā0.095
Breakdown zone: $0.081ā0.078