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 chart analysis
Current situation:
Current price: 0.023750 USDT.
24-hour range: from 0.021520 (minimum) to 0.030500 (maximum).
24-hour change: –7.59% (mark P1.865175).
24-hour trading volume: 915.04M.
Indicator analysis
1. Bollinger Bands (BOLL)
Middle line (MA): 0.026230.
Upper boundary (UB): 0.027951 — resistance level.
Lower boundary (LB): 0.024509 — support level.
Current price (0.023750) is below the middle line, indicating a downtrend or consolidation below resistance.
Band narrowing may signal decreased volatility and preparation for an impulsive move (Bollinger Squeeze).
2. Moving Averages (MA, EMA)
Price is below short-term moving averages, confirming a bearish sentiment.
MA/EMA crossover (if it occurs) could signal a trend reversal.
3. MACD (12, 26, 9)
MACD: –0.000274.
DIF: –0.000447.
DEA: –0.000172.
Negative MACD and DIF below DEA — bearish signal (selling pressure).
Lack of strong divergence indicates sideways movement or weak downtrend.
4. Volume (Vol)
Volume: 16.10M (MA5: 13.06M, MA10: 10.63M).
Decreasing volume may indicate trend weakness or consolidation.
Volume spike at level breakout — key signal to confirm movement.
5. OBV (On-Balance Volume)
OBV: 576,473,000.
MA OBV: 630,069,466.
OBV below MA OBV — bearish signal (selling dominates).
6. Stochastic (Stochastic)
Values are not visible on the chart, but it is important to monitor overbought zones (above 80) and oversold (below 20) for reversal signals.
Price forecast
Short-term (1–3 days):
Support: 0.021520–0.024509 (lower Bollinger band + 24h minimum).
Resistance: 0.026230–0.027951 (middle and upper Bollinger bands).
Scenario 1 (downward): price may test support at 0.021520 with increased bearish pressure (low volume, negative MACD).
Scenario 2 (sideways): consolidation in the range of 0.023–0.026 with no strong catalysts.
Scenario 3 (reversal): break above 0.026230 + volume increase + MACD crossover (DIF > DEA) — signal to rise to 0.030500.
Medium-term (1–2 weeks):
If volume remains low, a sideways trend in the range of 0.0215–0.0279 is likely.
Breakout of upper Bollinger band (0.027951) with volume growth — bullish signal (target: 0.030500+).
Strengthening below the middle Bollinger line (0.026230) — confirmation of a downtrend (target: 0.021520–0.02).
Key levels
Support: 0.021520, 0.024509.
Resistance: 0.026230, 0.027951, 0.030500.
Recommendations
For long positions: wait for a break above 0.026230 with volume and MACD confirmation.
For short positions: sell on testing resistance at 0.026230 with a target of 0.021520.
For neutral traders: wait for a breakout of one of the key levels (0.026230 or 0.024509) to enter the trend.
Important: Technical analysis does not guarantee 100% accuracy. It is recommended to use stop-losses and combine indicators to confirm signals.
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