As of November 26, 2024, OAX is trading at $0.1073, experiencing a significant drop of -35.52% in the last 24 hours. Despite the bearish trend, there are key technical levels and potential recovery zones to watch for traders looking to capitalize on the price action. Below is the detailed analysis:
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Key Technical Levels
Current Price: $0.1073
Support Level (S1): $0.1000 (psychological level and previous pivot zone)
Resistance Level (R1): $0.1200
24h High: $0.1660
24h Low: $0.1070
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Technical Indicators
RSI: Oversold territory at 28, indicating a potential reversal as buyers may enter the market.
MACD: Currently bearish, but a divergence is forming, which could hint at a recovery.
Bollinger Bands: The price is trading at the lower band, signaling high volatility and a possible bounce.
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🎯 Targets to Watch for OAX
1. Short-Term Target: $0.1200
This level acts as immediate resistance. If the price breaks this, it could indicate renewed buyer interest and a recovery attempt.
2. Mid-Term Target: $0.1350
Sustained momentum and bullish volume could push tow OAX ard this level, aligning with the 50-day EMA.
3. Long-Term Target: $0.1500
A stronger market recovery could bring OAX back to this significant resistance, near its previous range high before the drop.
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Additional Market Insights
: Trading at $0.01031 (-35.32%), IRIS is also in oversold conditions, with a potential rebound toward $0.0120 in the short term.
GFT: Currently at $0.01146 (-34.63%), GFT could test $0.0140 if a reversal occurs.
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