TAC ANJLOK 60%! ADA PELUANG REBOUND?
ANALYSIS:
TAC/USDT Perp experienced extreme selling pressure with a drop of about 60.89%, and the current price is at around 0.002738. Previously, TAC briefly surged to 0.008181, but that increase was immediately followed by a sharp dump that destroyed the short-term bullish structure. On the 1-hour timeframe, price is currently below MA7, MA25, MA99, and the Supertrend, so sellers still hold control.
However, RSI(6) has fallen to around 21.4, indicating an extremely oversold condition and opening up the possibility of a technical rebound. Price is also approaching the lower Bollinger Band at 0.002748. Still, the MACD remains in negative territory, so there is not yet confirmation of a strong trend reversal.
Crucial support lies around 0.00260–0.00275. If this area holds, TAC may attempt a rebound toward 0.00290–0.00312. Conversely, a breakdown below 0.00260 could extend the selling pressure. For a more convincing recovery, TAC needs to reclaim the 0.00315–0.00336 area.
$TAC
#Write2Earn #trading #BinanceSquare #BinanceSquareFamily #TechnicalAnalysis
ANALYSIS:
TAC/USDT Perp experienced extreme selling pressure with a drop of about 60.89%, and the current price is at around 0.002738. Previously, TAC briefly surged to 0.008181, but that increase was immediately followed by a sharp dump that destroyed the short-term bullish structure. On the 1-hour timeframe, price is currently below MA7, MA25, MA99, and the Supertrend, so sellers still hold control.
However, RSI(6) has fallen to around 21.4, indicating an extremely oversold condition and opening up the possibility of a technical rebound. Price is also approaching the lower Bollinger Band at 0.002748. Still, the MACD remains in negative territory, so there is not yet confirmation of a strong trend reversal.
Crucial support lies around 0.00260–0.00275. If this area holds, TAC may attempt a rebound toward 0.00290–0.00312. Conversely, a breakdown below 0.00260 could extend the selling pressure. For a more convincing recovery, TAC needs to reclaim the 0.00315–0.00336 area.
$TAC
#Write2Earn #trading #BinanceSquare #BinanceSquareFamily #TechnicalAnalysis
