DIAUSDT Pair
The overall trend appears to be a descending channel. The price has been making lower highs and lower lows, forming a channel with two downward-sloping lines. The top of the descending channel, suggesting a potential breakout.
Support and Resistance Levels:
Support:
Immediate Support: The lower line of the descending channel acts as immediate support. Currently, it sits around 0.80-0.82.
Stronger Support: The price has bounced off the 0.70 level a few times, suggesting it might be a more robust support level.
Resistance:
Immediate Resistance: The top line of the descending channel represents immediate resistance. This line currently sits near 0.90-0.92.
Stronger Resistance: The price has failed to break above the 1.00 level multiple times, suggesting it could be a key resistance area.
