1. Bearish Technicals: The short-term exponential moving averages (EMA7 below EMA25) indicate a bearish trend, while the Relative Strength Index (RSI6) at 32.22 suggests that the asset is approaching oversold conditions, reflecting strong selling pressure.
2. Bearish Price Pressure: The token price is observed below the middle Bollinger band and is approaching the lower band, confirming the current bearish price action and indicating continued selling pressure in the short term.
