PSAR Trend Changes — 5 Tokens to Watch 🧐

The Parabolic Stop and Reverse (PSAR) is a helpful technical indicator to spot potential shifts in trend. When the PSAR flips, it can signal a change in momentum — either to the upside or downside.

Here’s a quick rundown on some notable PSAR flips among tokens today:

🟢 Theta (THETA): Bullish Flip

Since September 9th, the PSAR has shown an uptrend, with the price jumping 50% during this period. Although the PSAR briefly turned bearish for two days, it has now flipped back to bullish, suggesting that the uptrend may continue.

🟢 LayerZero (ZRO): Bullish Flip

ZRO has exhibited a similar pattern to THETA. The token has maintained a clear uptrend, and after a brief bearish PSAR flip four days ago, it’s now back to bullish. More upside potential could be on the horizon.

🟢 Stellar (XLM): Bullish Flip

XLM experienced a PSAR flip to bearish in mid-September as it entered a period of sideways consolidation. However, today marked a bullish PSAR flip, which could be a sign of a breakout and potential surge in price.

🔴 Ark (ARK): Bearish Flip

After a massive pump, ARK’s PSAR turned bearish as the token entered a correction phase. This bearish flip could mean that the correction is not over yet, indicating a need for caution before any long entries.

🔴 Basic Attention Token (BAT): Bearish Flip

Basic Attention Token (BAT) has shown strong performance since early September, with the PSAR signaling an uptrend throughout. Today, however, the PSAR flipped bearish, suggesting a potential pullback or correction could be on the way.