$VVV /USDT Declines to $7.506 – Bearish Momentum in Play... #VVV /USDT is down 16.14%, currently trading at $7.506. After a steep drop from $10.500, bearish sentiment continues to dominate.
Key Levels to Watch:
Resistance: $8.10 – Reclaiming this level is critical to regain bullish momentum.
Support: $7.26 – Breaking below could lead to further declines towards $7.00 or lower.
Indicators:
RSI: At 28, indicating oversold conditions and potential for a relief rally.
MACD: Bearish crossover, confirming downward momentum.
Parabolic SAR: Dots above the price, reinforcing the bearish trend.
Trade Setup:
Upside Targets: $7.80, $8.10
Downside Risk: A breakdown below $7.26 could test $7.00 and $6.80.
Traders should monitor for a potential bounce from oversold levels or further weakness below key support. Use tight risk management in this volatile environment.