Here my prediction for the next 1 hour:
- The price of POLS/USDT is at 0.9861, showing a decrease of 17.67% in the last 24 hours. This is a significant bearish movement, indicating low demand and pessimism for the coin.
- The candlestick chart shows a strong downtrend, with red candles dominating the view and the price reaching a low of 0.6800. The candles have long bodies and short wicks, suggesting that the sellers are in control and there is little support from the buyers.
- The BOLL(21) indicator, which is a type of moving average envelope, shows that the price is below the lower band, indicating that it is oversold and may be due for a bounce or a reversal. The middle band acts as a resistance level, while the upper band acts as a support level.
- The MACD indicator, which is a type of trend-following momentum indicator, shows that the trend is negative and the momentum is weak. The MACD line (blue) is below the signal line (orange), indicating a sell signal. The histogram (red) shows the difference between the two lines, and it is negative and decreasing, indicating that the bearish momentum is decelerating.
- The RSI (14) indicator, which is a type of momentum oscillator, shows that the coin is in the oversold territory, and may be ready to turn up. The RSI value is at 91.1902, which is above the 70 level that indicates overbought conditions. This means that the coin may be overvalued and may face a pullback or a reversal soon.
- The STOCHRSI indicator, which is a combination of the stochastic oscillator and the RSI, shows that the coin is in the overbought zone, and may be ready to turn down. The K line (blue) is above the D line (orange), indicating a buy signal, but they are both above the 80 level, indicating overbought conditions. The K line may cross below the D line soon, indicating a sell signal.
Based on these indicators, I predict that the price of POLS/USDT will continue to decline in the next 1 hour, but it may also experience some volatility and fluctuations due to the oversold and overbought conditions.
