#ZETAUSDT

# Analysis Update:

The ZETAUSDT pair is experiencing a bearish trend, with a potential breakdown below the support level of 0.065. The Relative Strength Index (RSI) indicates an oversold position at 32.15.

Key Levels:

- Support: 0.065, 0.055

- Resistance: 0.085, 0.095

Technical Analysis:

- RSI (14): 32.15 (Oversold)

- Stochastic %K (14, 3, 3): 19.23 (Sell)

- MACD (12, 26): -0.0025 (Sell)

- Bollinger Bands: Contraction (Decreased Volatility)

Market Sentiment:

- Bearish: 75%

- Bullish: 25%

Trade Ideas:

- Short-term: Breakdown trade below 0.065, targeting 0.055 and 0.045

- Long-term: Buy on dips, targeting 0.085 and 0.095

Additional Insights:

- ZETA's 24-hour trading volume decreased by 30%.

- On-chain data indicates decreasing buying pressure.

- Keep an eye on Bitcoin's price movement, as it influences the broader market.

Caution: Cryptocurrency markets are highly volatile. Always conduct thorough research and consider multiple sources before investing.

Next Update: Monitor for potential retracement to resistance levels and adjustment of trade ideas accordingly.