The chart of his work $PROS shows a current bearish trend:
1. General price trend: The current price is 0.3921 USDT, down about 3.71% in 24 hours. Repeated red candles indicate strong selling pressure, and there is a low recorded at 0.3865 USDT.
2. Moving Averages (MA):
The short-term moving average (MA7) is below the moving average (MA25), which in turn is below (MA99). This indicates that the short-term and medium-term trend is bearish.
The moving averages indicate that the downtrend is continuing at the moment, as there is no positive crossover between the lines.
3. MACD Indicator: The indicator indicates a bearish momentum with negative readings for both DIF and DEA, and a falling MACD line. There are no signs of a trend change so far.
4. Relative Strength Index (RSI): The RSI reading is 36.94, indicating that the market is close to the oversold zone, but not significantly so. There may be room for further downside before a correction occurs.