On the Request Network / USDT (4h, Binance) chart, we can see a strong downward move that pushed the price towards the $0.128 area, where a first buying reaction is appearing. This level coincides with a local support zone that has previously stopped declines multiple times.
Key points to note:
The price has reached the lower boundary of the recent consolidation range, which increases the chances of a rebound.
The sell-off was sharp, and markets often see corrective upward moves after such strong drops.
Moving averages are still sloping down, but a short-term recovery is possible if buying pressure holds.
In summary, there is a probability that in the coming days the price will attempt a rebound towards $0.15, which represents a psychological resistance and a former balance area from August.
Potential TP: 0.15 USD
Key points to note:
The price has reached the lower boundary of the recent consolidation range, which increases the chances of a rebound.
The sell-off was sharp, and markets often see corrective upward moves after such strong drops.
Moving averages are still sloping down, but a short-term recovery is possible if buying pressure holds.
In summary, there is a probability that in the coming days the price will attempt a rebound towards $0.15, which represents a psychological resistance and a former balance area from August.
Potential TP: 0.15 USD
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.