Market Overview

Current Price:

91,691.98 USDT

Significant decline of -6.38% within the last 24 hours, indicating strong bearish momentum.

2. 24-Hour Range:

High: 98,553.90 USDT

Low: 91,527.00 USDT

Price is trading very close to the 24-hour low, which highlights increasing selling pressure.

Indicators

EMA (Exponential Moving Averages):

EMA(7): 92,667.50 (short-term trend)

EMA(25): 93,357.46 (medium-term trend)

EMA(99): 94,718.87 (long-term trend)

The shorter EMAs are below the longer EMA, confirming a strong downward trend.

RSI (Relative Strength Index):

RSI(6): 24.69

RSI(24): 35.71

The RSI(6) being below 30 indicates the market is oversold, signaling a potential reversal or relief rally soon.

StochRSI:

39.63 (below 50)

This suggests bearish momentum is still dominant, but it’s approaching oversold territory.

4 Volume:

The highest spike in red volume bars aligns with recent bearish candles, confirming strong selling pressure.