Hi everyone! Here is my technical breakdown of the current market action. We are currently seeing a ranging market with the price trapped between support and resistance levels.
RSI: Currently sitting just above the 30 level, nearing the oversold zone.
MACD: The MACD line (green) is still below the signal line (red). No crossover or divergence is visible yet, indicating a lack of bullish momentum.
OBV: The volume indicator shows the green line remains below the red line, confirming that sellers are still in control.
My Verdict: I am staying patient. I am waiting for the price to hit the support level and for the RSI to dip below 30. Once we see a bullish