$FTM

Moving Averages:

200-period SMA (15m Chart): Positioned around 0.7915, while the current price is approximately 0.7396. The price is below the 200 SMA, indicating bearish momentum in the short term. This SMA may act as resistance if the price attempts to recover.

Relative Strength Index (RSI):

Current RSI (15m Chart): 34.00, which is near the oversold range. This suggests increased selling pressure and may signal a potential rebound if buyers step in at this level.

Moving Average Convergence Divergence (MACD):

MACD Line: -0.0014Signal Line: -0.0176Status: The MACD line is below the signal line, indicating a bearish trend. The negative momentum on the MACD histogram suggests that the current downtrend may continue unless there is strong support.

Support and Resistance Levels:

Immediate Resistance: Around 0.7915 (aligned with the 200 SMA), which could act as resistance if the price attempts to recover.Local Support: Near 0.7200, a previous low that could act as support if selling pressure persists.

Bullish Scenario:

Bounce from 0.7200 Support: If the price finds support at 0.7200 and RSI remains near oversold, there could be a short-term recovery.

Bearish Scenario:

Break Below 0.7200 Support: If the price breaks below this level and selling momentum persists, it could trigger further downside.