$1000SATS The market is currently in a triangle convergence pattern. After the previous sharp decline, the market seems to be in a deep wash and is now waiting for a clear breakout. This wash action is mainly to clear out the undetermined holders in the market.
Indicator situation
RSI is currently hovering around 83, which shows that the coin is close to the oversold area.
MAC shows signs of weakness and a bearish crossover has occurred, which may indicate the risk of further decline in the future.
Technical side: Support is at 0.0002402 USDT, which is a strong support area.
On the contrary, if the coin can successfully break through the resistance level of 0.0003415 USDT, there is a possibility of further rise to the level of 0.0004544 USDT.
