📉 Current Trend
There was a strong rise that reached approximately 0.0212
After that, there was a sharp reversal and a strong drop (likely distribution or loss of momentum).
The price is now around 0.0024, which is a significant drop compared to the peak.
📊 Technical Indicators
🔹 Moving Averages (MA & EMA)
The price is currently below most of the averages → this indicates that the short and medium-term trend is bearish.
The order of the averages is descending → continuous selling pressure.
🔹 Bollinger Bands
The price has exited from the lower bound approximately.
This likely indicates:
Oversold condition
A temporary rebound is possible, but it does not confirm a trend reversal.
🔹 RSI
RSI6 is at very low levels
RSI14 is around 35 approximately
👉 This means the market is close to being oversold but has not reached a confirmed reversal zone.
🔹 KDJ
The indicator is in very low areas
It signals that selling is excessive, and a short technical rebound is likely to begin.
📦 Important Areas to Monitor
✅ Strong Support:
Approximately 0.0020
Breaking it may open deeper declines.
✅ Psychological Support:
Approximately 0.0015 if pressure continues.
✅ Resistances if a rebound occurs:
0.0045 first resistance
0.0070 stronger resistance
After that, the mood actually starts to change if it is breached.
⚠️ General Reading
The overall trend currently: Bearish
But the price has entered an area where a speculative rebound may appear.
The trading volume in the decline was high → which means selling was strong.
💡#JF #justfunny $TRIA $TRX $XRP
