๐ Current Price & Trend
Current Price: $1.2606
Price Change: -0.17% (slightly bearish)
24h High / Low: $1.3339 / $1.2412
Volume (ERA): 64.70M
Volume (USDT): 82.32M
The price is near the lower end of the 24h range, suggesting weakness or consolidation.
๐ง Key Technical Indicators
1. Moving Averages (MA)
MA(7): $1.2664 (Yellow)
MA(25): $1.2680 (Pink)
MA(99): $1.2990 (Purple)
๐ Interpretation:
Price is below all moving averages, which is typically bearish.
MA(7) < MA(25) < MA(99): This alignment supports a downtrend.
Short-term moving average (MA 7) is curling downward.
2. Volume (VOL)
Volume is declining, suggesting weak buying momentum.
The MA of volume (5 and 10 period) also appears flat/down-sloping.
๐ Interpretation:
Decreasing volume during price decline = no strong conviction from buyers. May lead to further decline or sideways movement unless volume picks up.
3. Price Levels
Recent High: $1.3339
Local Support: Around $1.2302 - $1.2412 (based on past candles and 24h low)
Resistance: $1.2664 (MA7), $1.2680 (MA25), and $1.2990 (MA99)
๐งญ Trend Outlook
Short-term trend: Bearish or sideways
Buyers failed to break above the $1.30โ$1.33 area.
Without strong volume or a breakout above MA(25) and MA(99), downside risk remains.
โ Key Signals to Watch
SignalBullish ifโฆBearish ifโฆPrice crosses MA(25)Closes above $1.27 with volumeRejected below it repeatedlyVolumeIncreases on green candlesDrops on green, rises on redSupport ZoneHolds above $1.24Breaks below $1.23
๐ Conclusion
Bias: Bearish to Neutral (short term)
If price breaks below $1.24 with volume, more downside likely.
If price holds support and breaks $1.27โ$1.30 resistance with volume, uptrend could resume.
