Price Movements:

General Trend: On the chart, we see that WIF/USDT has been in a downward trend over the last few days. There is a clear downward trend, especially that started on May 18 and deepened on May 19. Support and Resistance: Support: There seems to be a support at 2.65 USDT levels. This level has been tested several times and it has been observed that buyers have stepped in at this level. Resistance: There is a resistance point around 2.85 USDT. The price tested this level several times but could not break it. Latest Movements: On May 21, the price fell to 2.65 USDT levels, then showed a recovery, rose to 2.75 USDT levels and started to decline again.

RSI (Relative Strength Index) Analysis:

Oversold/Split Situations: When the RSI indicator falls below the 30 level, it enters the oversold zone and this usually indicates that the price can recover. In the chart, we see that the price started to rise after the RSI value fell below 30 on May 19. Above the 70 level indicates the overbought zone, but in this chart, the RSI has not reached these levels. Current Status: The RSI is currently at 36.49, which indicates that the market is still weak. is showing. However, there is a possibility that the RSI will recover from these levels.

Conclusion:

Support and Resistance Levels: Price movements are oscillating between the support of 2.65 USDT and the resistance of 2.85 USDT. It is important to pay attention to these levels.RSI Indicator: RSI approaching the oversold zone indicates that the price may recover in the short term. However, caution should be exercised as the general trend is still downward. $WIF