LISTA/USDT Declines Below Key MA, Testing Support Levels
$LISTA

200-Period Moving Average (MA): The price is below the 200-period MA, which is currently at $0.3557. This suggests that the broader trend is still bearish.

RSI (Relative Strength Index): The RSI is at 35.82, which indicates the market is nearing oversold territory. This could mean that a reversal may be on the horizon, although momentum remains weak.MACD (Moving Average Convergence Divergence):MACD Line: -0.0040Signal Line: -0.0042Histogram: Negative, indicating bearish momentum is currently prevailing. The MACD line is below the signal line, signaling weakening momentum.

Resistance Levels:

Immediate Resistance: $0.3755, which corresponds with the VWAP and the 200-period MA, making it a critical zone to be broken for any significant bullish action

Support Levels:

Immediate Support: $0.3400, a zone where the price found support during the previous dip.

Bullish Scenario: For a bullish reversal, LISTA needs to break above $0.3755, reclaiming both VWAP and the 200-period MA. If successful, the next target would be $0.4200.Bearish Scenario: If the price fails to hold above $0.3400, further declines towards $0.3000 could be seen, which would serve as a crucial support zone.

Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Always perform your own research before making trading decisions.

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