#GHOST Coin Technical Analysis
Timeframes:
30-Min Chart: GHOST shows consolidation around $0.09, with lower highs suggesting bearish pressure. RSI is neutral (48), and MACD is flat, indicating limited momentum. Key levels: Resistance at $0.093, support at $0.087.
1-Hour Chart: The coin is forming a descending channel. A breakout above $0.094 could signal a short-term reversal, targeting $0.10. Failing this, a breakdown below $0.085 risks further downside to $0.08.
1-Day Chart: GHOST is in a bearish trend below the 200-day MA ($0.11). Recent candles show bearish engulfing patterns, signaling continued downside unless volume spikes on buying pressure.
Candlestick Sentiment:
Bearish on higher timeframes, with lower wicks showing weak buyer defense. Daily close below $0.085 would confirm bearish continuation.
Summary:
Short-term: Neutral to bearish; watch for a break of $0.094 or $0.085.
Medium-term: Bearish unless the descending channel is invalidated.
Long-term: Bearish below $0.11; needs higher volume to shift sentiment.
Stay alert for a potential volume-driven breakout!