RSI: Some analyses indicate an overbought area (above 70), which may suggest a near-term correction.
However, in other analyses, RSI shows neutral or slightly bearish conditions.
๐ Overall: Momentum is currently not clearly strong โ the market is not strongly trending toward buying or selling.
๐ Key support and resistance levels.
๐ Resistance levels....
These are the price levels that may face strong selling pressure and prevent the price from rising easily:
Approximately 0.1518โ0.1599 USD as near resistance targets.
Higher levels such as 0.16+ USD require strong momentum to break through.
๐ก๏ธ Support levels....
Areas where the price is expected to be halted if it declines:
0.1436 as first support.
Near 0.1408 and 0.1355 as stronger support.
๐ Important: If the price drops below 0.1355, it could indicate a worsening of the downward trend.
๐ Important reminder
$๐ Technical analysis shows what might happen based on current price action only, not a guarantee of future results.
๐ It's always better to combine it with your fundamental analysis, trading volume, and market news before making any trading decision.