The Bertram The Pomeranian price has plummeted 15% in the last 24 hours to trade at $0.07704 as of 12:30 a.m. EST on a 12% drop in trading volume to $11 million.
Bertram The Pomeranian Price May Continue The Downtrend
The BERT/USD 4-hour chart shows a bearish channel, pattern, signaling that the recent uptrend may resume if the price breaks above the upper boundary of the pennant. Currently, the price is trading at $0.08230, reflecting a 12.19% drop in the last 24 hours.
The strong horizontal support level at $0.070, which has acted as a reliable price floor over the past sessions. This level aligns with the 50-period moving average (SMA) at $0.069, creating a confluence zone of support that enhances its strength. Below this, the 200-period MA at $0.047 serves as a key longer-term support, suggesting that the overall trend remains upward.
BERTUSD Analysis Source: Dextools.io
The upper boundary of the channel near $0.120 serves as the first major resistance level. A breakout above this level could trigger a strong rally, with potential targets at $0.125 (a psychological and Fibonacci extension level) and beyond if buying pressure intensifies. Volume will play a crucial role in confirming the breakout, as a significant uptick in volume typically accompanies strong bullish breakouts.
Bertram The Pomeranian Price Indicators Signal A Rebound
The MACD is trending upwards, with the MACD line currently above the signal line, indicating growing bullish momentum. The histogram is in positive territory, though it remains modest in size, suggesting a cautious but steady buildup of buying pressure. A further confirmation of bullish momentum will occur if the MACD line crosses above zero, reinforcing a potential rally.
Meanwhile, the RSI sits at 52.80, a neutral level, which indicates that the Bertram The Pomeranian price is not yet overbought. This leaves room for additional upward movement without immediate concerns of a reversal due to overbought conditions.
However, if the price fails to maintain support above $0.070, it may retest the $0.047 level, coinciding with the 200-MA, which would act as a critical make-or-break level for bulls. A break below this could invalidate the bullish thesis and lead to a deeper correction.
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