Technical analysis: CYSUSDT (Cysic - Futures 2h)
Registers a drop of -24.19%, trading at 0.6050 USDT after touching lows of 0.5928 USDT.
Key data and levels:
Current price: 0.6050 USDT (-24.19%)
24h volume: 86.59M CYS / 61.20M USDT
MA(99): 0.6414 USDT (immediate dynamic resistance)
MA(7): 0.6567 USDT (short-term resistance)
SuperTrend: Bearish (resistance at 0.7743 USDT)
Key support: 0.5928 USDT
Outlook:
CYSUSDT maintains a pronounced bearish trend over 2 hours after falling from the 0.8580 USDT high and breaking through the MA(99).
To see a technical relief, the price needs to reclaim the MA(99) (0.6414 USDT) and break above the MA(7) (0.6567 USDT). As long as it remains below these averages, selling pressure will continue; if the 0.5928 USDT support gives way, the risk of seeking new lows would remain.
(Informational content only, not financial advice).
#CYS #Cysic #Crypto #Futures #Trading #BinanceSquare #TechnicalAnalysis #Altcoins
Registers a drop of -24.19%, trading at 0.6050 USDT after touching lows of 0.5928 USDT.
Key data and levels:
Current price: 0.6050 USDT (-24.19%)
24h volume: 86.59M CYS / 61.20M USDT
MA(99): 0.6414 USDT (immediate dynamic resistance)
MA(7): 0.6567 USDT (short-term resistance)
SuperTrend: Bearish (resistance at 0.7743 USDT)
Key support: 0.5928 USDT
Outlook:
CYSUSDT maintains a pronounced bearish trend over 2 hours after falling from the 0.8580 USDT high and breaking through the MA(99).
To see a technical relief, the price needs to reclaim the MA(99) (0.6414 USDT) and break above the MA(7) (0.6567 USDT). As long as it remains below these averages, selling pressure will continue; if the 0.5928 USDT support gives way, the risk of seeking new lows would remain.
(Informational content only, not financial advice).
#CYS #Cysic #Crypto #Futures #Trading #BinanceSquare #TechnicalAnalysis #Altcoins
