The price is currently testing a critical daily support box at 0.43.
Bullish Scenario: If the price manages to hold this level, it could signal a potential reversal and increase the probability of a breakout.
Bearish Scenario: Failure to hold this box would likely send the price to the next key support zone around 0.33.
The RSI (14) is trending downward, reflecting continued bearish momentum. However, it’s approaching oversold territory, which could lead to a bounce if buyers step in.
Let’s see how the price reacts in the coming sessions!
#Crypto #TradingAnalysis #TechnicalInsights
Bullish Scenario: If the price manages to hold this level, it could signal a potential reversal and increase the probability of a breakout.
Bearish Scenario: Failure to hold this box would likely send the price to the next key support zone around 0.33.
The RSI (14) is trending downward, reflecting continued bearish momentum. However, it’s approaching oversold territory, which could lead to a bounce if buyers step in.
Let’s see how the price reacts in the coming sessions!
#Crypto #TradingAnalysis #TechnicalInsights
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