CYBER/USDT: Testing Key Support
$CYBER

The CYBER/USDT pair on Binance's 4-hour chart is currently trading around $3.247. The price is below the 200-period moving average (MA) at $3.285, indicating a bearish trend over the longer term. The price is also near the Volume Weighted Average Price (VWAP) of $3.294, suggesting a balanced market with slight bearish pressure.

VWAP (Volume Weighted Average Price): At $3.294, it is slightly above the current price, indicating that the price is slightly below its average volume-weighted level, suggesting mild bearish pressure.

RSI (Relative Strength Index): The RSI is at 39.80, which is approaching the oversold territory, indicating potential buying interest if the RSI dips further.

The MACD shows a slightly bearish signal, with the MACD line below the signal line and the histogram in negative territory. This suggests bearish momentum is prevailing, although the force is not strong.

Resistance Levels:

The immediate resistance level to watch is around $3.500. A breakout above this level could lead to a further rise towards the next significant resistance zone around $4.000.

Support Levels:

On the downside, the primary support level is near $3.000. A break below this level could lead to further declines towards the next support zone around $2.500.

Disclaimer:

The information provided in this analysis is for educational purposes only and should not be considered financial advice. Cryptocurrency investments are volatile and carry a high risk. Always perform your own research before making any investment decisions.

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