## **Key Indicators** - **RSI (6)**: **63.13** (approaching overbought zone but not yet extreme, suggesting bullish pressure). - Price holding above **EMA (7)** supports short-term upward momentum.
## **Important Levels** - **Resistance**: **2,546.40 USDT** (breakout could lead to further upside). - **Support**: **2,491.42 USDT** (a drop below may signal weakness).
## **Recommendations** - If price breaks **2,546.40**, expect further bullish movement. - If price falls below **2,491.42**, caution is advised. - Consider partial profit-taking if **RSI nears 70** (overbought zone).
**Note:** This is not financial advice. Always conduct your own research and manage risk appropriately.
The price is below all these moving averages, which is a bearish signal. This indicates a downward trend in the market.
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📈 Relative Strength Index (RSI):
RSI(6): 28.74
RSI(12): 32.93
RSI(24): 37.51
All these RSI values are below 50 and close to 30. 👉 An RSI below 30 indicates that the market is oversold, suggesting a small reversal or bounce may occur from here, but the overall trend is still downward.
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📉 MACD (Moving Average Convergence Divergence):
MACD: -0.0004
DIF: -0.0039
DEA: -0.0035
MACD is also negative and below the signal line, indicating further bearish momentum.
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🧠 Estimate and Advice:
The market is currently in a downtrend.
RSI indicates that it is in an oversold condition, so a small reversal is possible, but it will be temporary.
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