📊 INX/USDT: After a 28% Crash, Price Starts Looking for a Bottom
INX is currently around 0.007735 USDT, down 28.91% in 24 hours. Previously, the price had surged to 0.013568, but then saw heavy sell-offs and returned to the 0.0077 area.
Technically, the structure is still generally bearish. Price is below MA7, MA25, MA99, and the main EMA. The Supertrend at 0.0089328 is also still above the price, making that zone an important resistance. The Bollinger Bands show price trading near the lower band at 0.0075368, which could be short-term support.
RSI(6) around 34.8 indicates selling pressure remains strong, but it’s already approaching the oversold area. MACD is still negative, although the histogram is starting to shrink, suggesting the bearish momentum may be starting to ease.
If it can hold above 0.0075, INX has a chance to rebound toward 0.0083–0.0089. However, if that support breaks with substantial volume, the next area to watch is 0.0062. Volatility is very high, so it’s safer to wait for breakout confirmation rather than chasing the price.
$INX
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INX is currently around 0.007735 USDT, down 28.91% in 24 hours. Previously, the price had surged to 0.013568, but then saw heavy sell-offs and returned to the 0.0077 area.
Technically, the structure is still generally bearish. Price is below MA7, MA25, MA99, and the main EMA. The Supertrend at 0.0089328 is also still above the price, making that zone an important resistance. The Bollinger Bands show price trading near the lower band at 0.0075368, which could be short-term support.
RSI(6) around 34.8 indicates selling pressure remains strong, but it’s already approaching the oversold area. MACD is still negative, although the histogram is starting to shrink, suggesting the bearish momentum may be starting to ease.
If it can hold above 0.0075, INX has a chance to rebound toward 0.0083–0.0089. However, if that support breaks with substantial volume, the next area to watch is 0.0062. Volatility is very high, so it’s safer to wait for breakout confirmation rather than chasing the price.
$INX
#Write2Earn #BinanceSquare #CryptoAnalysis #altcoins #trading