TECHNICAL ANALYSIS OF TOP 3 losers
1. $DIA (DIA -3.80% | Last Price: $1.0230)
• Price Action: DIA has seen a 3.80% drop in the last 24 hours, reflecting bearish sentiment.
• Support and Resistance:
• Support: Immediate support lies around $1.00, which is a psychological level.
• Resistance: A short-term resistance could be set near $1.05 based on recent price movements.
• Momentum Indicators:
• RSI: A 3.80% drop might push the RSI into oversold territory, indicating the possibility of a short-term rebound.
• MACD: Likely showing bearish divergence, suggesting continued downside pressure unless the market reverses.
• Trend: DIA appears to be in a downward trend in the short term, so traders might wait for a stronger support to form.
2. Unifi Protocol DAO ($UNFI -2.84% | Last Price: $2.872)
• Price Action: UNFI has decreased by 2.84%, signaling moderate selling pressure.
• Resistance: Resistance could be at $3.00, as it is a key psychological level.
• Momentum Indicators:
• RSI: The steady decline may point towards further consolidation if not near oversold levels.
• MACD: Likely showing negative momentum, indicating bearish divergence.
• Trend: UNFI’s drop indicates caution from buyers. The price needs to hold above $2.85 to avoid deeper corrections.
3. Juventus Fan Token ($JUV -2.22% | Last Price: $1.85)
• Price Action: JUV is down 2.22%, showing minor bearish sentiment compared to the others
• Resistance: Resistance is expected around $1.90, where sellers might appear.
• Momentum Indicators:
• RSI: Given the mild decline, RSI could be neutral or approaching oversold levels.
• MACD: Shows bearish tendencies but could reverse with slight buying pressure.
• Trend: JUV is in a downward consolidation phase. However, its milder drop indicates that a recovery might occur if $1.80 holds strong.
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