#TROY /USDT Analysis
Current Price: $0.004361, with a sharp decline of -45.43% in the last 24 hours.
Trend: Bearish, as the price is below all key moving averages (EMA(7):
$0.004961). Heavy selling pressure is evident.
RSI: Near oversold levels (RSI(6): 30.94), signaling possible exhaustion of selling and a potential short-term bounce.
Support/Resistance:
Support: $0.003492 (recent low).
Resistance:
$0.005003 (near EMA(7)).
Volume: High selling volume during the drop indicates large-scale exits, but reduced selling in recent candles suggests pressure is cooling.
Outlook
Short-Term: A rebound or consolidation may occur, but strong caution is advised as the overall trend remains bearish.
Long-Term: Wait for stabilization or signs of a trend reversal before considering entry.
