#山寨币观察 Today’s a genuine sell-off: down 20.23% in 24h, with the current price at 0.00432. On the 4H timeframe, the price has plunged straight through MA7 (0.00496) and MA25 (0.00484), so bears have the upper hand in the short term.
The first hurdle overhead is 0.00496. If the price can’t get back above it, any rebound will be weak. Next up is 0.0057, the high of the past 24 hours—a level bulls must reclaim to turn things around.
On the downside, first watch 0.0044, near the 24h low; the price has already tested it once today. A decisive break would send it toward the 7-day low of 0.00321. RSI is at 44.6, not yet in oversold territory, so bearish momentum is still playing out.
Two possible scenarios: if the price holds above 0.0044, look for a rebound toward 0.00496; if it breaks below 0.0044, it will continue searching for support lower down.
The first hurdle overhead is 0.00496. If the price can’t get back above it, any rebound will be weak. Next up is 0.0057, the high of the past 24 hours—a level bulls must reclaim to turn things around.
On the downside, first watch 0.0044, near the 24h low; the price has already tested it once today. A decisive break would send it toward the 7-day low of 0.00321. RSI is at 44.6, not yet in oversold territory, so bearish momentum is still playing out.
Two possible scenarios: if the price holds above 0.0044, look for a rebound toward 0.00496; if it breaks below 0.0044, it will continue searching for support lower down.
