*$MEGA
USDT - MEGA*
*Current price: 0.03284 USDT +2.85%*
High in 24h: 0.03305
Low in 24h: 0.03095
### *1. Trend*
- Drop from 0.13210 down to 0.03012. Down 77%
- *MA7: 0.03226* price is above it
- *MA25: 0.03622* price is below it
- *MA99: 0.05354* price is below it by a large margin
Price is above MA7 but below MA25 and MA99. The overall trend is bearish, but there is an attempt at a short rebound
### *2. Momentum*
- *RSI(6): 42.68* neutral. It has come out of oversold
- *OBV: -4.08B* still falling but slowly: selling pressure has eased
- *Volume*: 106.53M MEGA = 3.37M USDT (average volume)
### *3. Key Areas*
- *First resistance*: 0.03622 at MA25
- *Second resistance*: 0.05114
- *Strong resistance*: 0.05354 at MA99
- *Very strong resistance*: 0.07726
- *First support*: 0.03226 at MA7
- *Second support*: 0.03012 (previous low)
- *Strong support*: 0.02502
### *Summary*
MEGA is in a strong bearish trend for the past two months. Now it’s rebounding slightly +2.8%
The situation is still negative as long as it stays below MA25 and MA99. Above MA7, but…
RSI 42 means it’s calming down a bit, but there is no strong buying momentum
OBV is still negative, meaning liquidity is still flowing out
*Positive scenario*: Break above 0.03622 (MA25) and hold; then we test 0.051
*Negative scenario*: Break below 0.03226; we retest 0.0301 then 0.025
Most important level now: 0.03622. Breaking it is the first reversal signal
Most important second level: 0.03012. Breaking it activates a new bottom
The coin has already been burned from 0.132. Don’t enter until after confirming a break above MA25 with volume
#ChinaJulyOutputRetailInvestmentAllMiss
USDT - MEGA*
*Current price: 0.03284 USDT +2.85%*
High in 24h: 0.03305
Low in 24h: 0.03095
### *1. Trend*
- Drop from 0.13210 down to 0.03012. Down 77%
- *MA7: 0.03226* price is above it
- *MA25: 0.03622* price is below it
- *MA99: 0.05354* price is below it by a large margin
Price is above MA7 but below MA25 and MA99. The overall trend is bearish, but there is an attempt at a short rebound
### *2. Momentum*
- *RSI(6): 42.68* neutral. It has come out of oversold
- *OBV: -4.08B* still falling but slowly: selling pressure has eased
- *Volume*: 106.53M MEGA = 3.37M USDT (average volume)
### *3. Key Areas*
- *First resistance*: 0.03622 at MA25
- *Second resistance*: 0.05114
- *Strong resistance*: 0.05354 at MA99
- *Very strong resistance*: 0.07726
- *First support*: 0.03226 at MA7
- *Second support*: 0.03012 (previous low)
- *Strong support*: 0.02502
### *Summary*
MEGA is in a strong bearish trend for the past two months. Now it’s rebounding slightly +2.8%
The situation is still negative as long as it stays below MA25 and MA99. Above MA7, but…
RSI 42 means it’s calming down a bit, but there is no strong buying momentum
OBV is still negative, meaning liquidity is still flowing out
*Positive scenario*: Break above 0.03622 (MA25) and hold; then we test 0.051
*Negative scenario*: Break below 0.03226; we retest 0.0301 then 0.025
Most important level now: 0.03622. Breaking it is the first reversal signal
Most important second level: 0.03012. Breaking it activates a new bottom
The coin has already been burned from 0.132. Don’t enter until after confirming a break above MA25 with volume
#ChinaJulyOutputRetailInvestmentAllMiss