#量价配合 $USELESS This is a pretty significant drop: down 10% over 24 hours, with the price now at 0.125. Volume hasn't shrunk at all—the volume today is 1.05 times the average over the past 6 days. The selling pressure is real, not a slow decline on shrinking volume.
RSI at 34.5 is nearing oversold territory, MACD has just formed a death cross, and the price is hugging the lower Bollinger Band at 0.1227. The moving averages are also in a bearish alignment, so bears still have the upper hand in the short term.
Next, watch the 0.1227–0.1192 support zone: if it holds and volume contracts, the bears may lose steam. But if the price breaks below 0.1192 on increased volume, there's little support below. The first level to watch above is 0.1347.
RSI at 34.5 is nearing oversold territory, MACD has just formed a death cross, and the price is hugging the lower Bollinger Band at 0.1227. The moving averages are also in a bearish alignment, so bears still have the upper hand in the short term.
Next, watch the 0.1227–0.1192 support zone: if it holds and volume contracts, the bears may lose steam. But if the price breaks below 0.1192 on increased volume, there's little support below. The first level to watch above is 0.1347.
