- Recent prices have been oscillating around 3100, failing to break through the previous high of around 3146, showing weak consolidation characteristics.
- On the daily chart, a long lower shadow appeared on January 8, indicating strong support around 3050, but the rebound strength is limited.
2. Technical Indicators:
- MACD: In the 4-hour cycle, both DIF and DEA are below the zero line, and the MACD histogram has shifted from green to red, indicating that the bearish momentum has weakened but still dominates.
- RSI: The current RSI value is around 43, in a neutral to weak zone, showing cautious market sentiment.
- EMA: The short-term EMA7 (3093) and EMA30 (3115) have formed a death cross, with the price trading above EMA120 (3077). The long-term trend has not been completely broken, but short-term pressure is evident.
3. Trading Volume:
- Recent trading volume has generally decreased, especially on January 11, with only 39,140, significantly lower than during previous sharp declines, indicating strong wait-and-see sentiment among both bulls and bears.
- After the sharp drop, volume increased during the correction to the 3080-3100 range but lacked sustained buying momentum.
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Price Trend Analysis#Gate广场创作者新春激励
1. Candlestick Patterns:
- Recent prices have been oscillating around 3100, failing to break through the previous high of around 3146, showing weak consolidation characteristics.
- On the daily chart, a long lower shadow appeared on January 8, indicating strong support around 3050, but the rebound strength is limited.
2. Technical Indicators:
- MACD: In the 4-hour cycle, both DIF and DEA are below the zero line, and the MACD histogram has shifted from green to red, indicating that the bearish momentum has weakened but still dominates.
- RSI: The current RSI value is around 43, in a neutral to weak zone, showing cautious market sentiment.
- EMA: The short-term EMA7 (3093) and EMA30 (3115) have formed a death cross, with the price trading above EMA120 (3077). The long-term trend has not been completely broken, but short-term pressure is evident.
3. Trading Volume:
- Recent trading volume has generally decreased, especially on January 11, with only 39,140, significantly lower than during previous sharp declines, indicating strong wait-and-see sentiment among both bulls and bears.
- After the sharp drop, volume increased during the correction to the 3080-3100 range but lacked sustained buying momentum.