Market Information

- Current Price: $3.748

- Change: -6.97%

Technical Indicators

1. Moving Average (MA)

- MA5: 3.778

- MA10: 3.794

- MA20: 3.876

- Analysis: The current price is below all moving averages, indicating a downward trend in both the short-term and medium-term.

2. Bollinger Bands (BOLL)

- BOLL20: 3.876

- UB (Upper Band): 4.055

- LB (Lower Band): 3.696

- Analysis: The price is close to the lower band, which may suggest that the price is in an oversold state, but the overall trend remains downward.

3. Trading Volume (VOL)

- VOL(USDt): 1.36M

- Analysis: The trading volume is relatively low, which may indicate that market activity is not high.

4. MACD Indicator

- DIF: -0.045

- DEA: -0.031

- MACD: -0.029

- Analysis: The MACD line is below the zero axis, and the histogram is negative, indicating characteristics of a bearish market.

5. KDJ Indicator

- K: 7.396

- D: 8.944

- J: -1.638

- Analysis: The KDJ indicator shows an oversold state, but the market trend remains downward.

Trading Data

- Buy (USDt)

- 1.94K at 3.748

- 11.55K at 3.747

- Sell (USDt)

- 14.99 at 3.749

- 7.52K at 3.750

Overall Analysis

From the technical indicators and trading data, the current price of the MEUSDT perpetual contract is in a downward trend, with market sentiment leaning towards bearish. Although some indicators show an oversold state, the market may continue to decline until a trend reversal signal appears. Traders should closely monitor whether the price can break through the moving averages or the middle band of the Bollinger Bands to look for signs of a trend reversal.