# Analysis Update:
The ZETAUSDT pair is experiencing a bearish trend, with a potential breakdown below the support level of 0.065. The Relative Strength Index (RSI) indicates an oversold position at 32.15.
Key Levels:
- Support: 0.065, 0.055
- Resistance: 0.085, 0.095
Technical Analysis:
- RSI (14): 32.15 (Oversold)
- Stochastic %K (14, 3, 3): 19.23 (Sell)
- MACD (12, 26): -0.0025 (Sell)
- Bollinger Bands: Contraction (Decreased Volatility)
Market Sentiment:
- Bearish: 75%
- Bullish: 25%
Trade Ideas:
- Short-term: Breakdown trade below 0.065, targeting 0.055 and 0.045
- Long-term: Buy on dips, targeting 0.085 and 0.095
Additional Insights:
- ZETA's 24-hour trading volume decreased by 30%.
- On-chain data indicates decreasing buying pressure.
- Keep an eye on Bitcoin's price movement, as it influences the broader market.
Caution: Cryptocurrency markets are highly volatile. Always conduct thorough research and consider multiple sources before investing.
Next Update: Monitor for potential retracement to resistance levels and adjustment of trade ideas accordingly.
