📊 Current Situation
Price: 0.002348
Change: −24.55% (Strong Drop)
Momentum: Clearly Negative
🔍 Technical Reading from Indicators
1️⃣ General Trend
There was a strong surge previously followed by a sharp dump (Pump → Dump).
Current candles are below all moving averages (MA & EMA)
👉 This confirms that the trend is downward on the daily.
2️⃣ Moving Averages
MA50 ≈ 0.0087
MA30 ≈ 0.0131
The price is now very far from it
➡️ There is no nearby moving support, and any rise will only be corrective for now.
3️⃣ RSI (Relative Strength Index)
RSI6 ≈ 5.5 ⚠️
RSI12 ≈ 20
RSI24 ≈ 35
🔥 Very Strong Oversold
This means:
The selling was aggressive
A technical rebound is possible, but not a confirmed rise
4️⃣ KDJ
K and D are very low
J is negative
➡️ The market is in a selling exhaustion state, but has not shown a clear reversal yet.
5️⃣ Bollinger Bands
The price is very close to the lower band ➡️ Supports a temporary rebound scenario, not a trend change.
🧱 Supports and Resistances (Approximate from the chart)
🟢 Supports
0.0020 – 0.0022 Psychological and Important Support
Breaking it ❌ = Deeper Downward Possibility
🔴 Resistances
0.0035
0.0050
Very Strong Resistance: 0.008 – 0.009
🧠 Possible Scenarios
🔹 Positive Scenario (Short-term)
Technical rebound due to oversold
Rebound target:
0.0035 → 0.0050
⚠️ Provided that:
Reversal candle
Increased trading volume
🔻 Negative Scenario
Weak consolidation then breaking 0.0020
Entering a harsh accumulation phase or deeper drop
📝 Summary (Honestly)
For monitoring and the smart one understands the market
$RIVER $GIGGLE $BTG
