The MACD is showing clear negative momentum with the line sitting at negative 157 and the histogram still printing red bars, while the RSI at 38.9 is hovering in that neutral-to-oversold zone without any strong rebound signals yet. Volume has been decent but nothing explosive.

post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 10
  • 10
  • Share
Comment
Add a comment
Add a comment
TheMoonReflectsOnTheTranquil
· 7h ago
The histogram is still showing red bars, the bears haven't finished selling yet, don't rush to catch the falling knives.
View OriginalReply0
HaiyanColdWallet
· 8h ago
Without volume, there is no qualitative change; right now, it's the stage of boiling frogs in warm water.
View OriginalReply0
QuietValidator
· 8h ago
Negative momentum + neutral RSI + normal volume, none of the three factors indicate a buy signal, hold back.
View OriginalReply0
GateUser-4590f4c6
· 8h ago
The histogram shows continuous red bars, and the kinetic exhaustion signal has not appeared yet. Be patient.
View OriginalReply0
GateUser-1859b7cd
· 8h ago
This technical aspect falls into the optional range; I choose to relax and watch the show.
View OriginalReply0
BlackVelvetKeychain
· 8h ago
The MACD line is at -157, indicating a bearish trend strength. Don't go against the trend.
View OriginalReply0
MevTeaBreak
· 8h ago
This trading volume is tepid and lukewarm, a typical bottoming market, and it can't be rushed.
View OriginalReply0
GateUser-f4ae43e9
· 8h ago
An RSI of 38.9 indicating "high" is not high, and "low" is not low; this kind of position is most likely to deceive, be careful.
View OriginalReply0
Half-SectionSucculentPie
· 8h ago
If RSI rebounds weakly without entering the oversold zone, there may be a further decline later.
View OriginalReply0
SaveABitOnGasFees
· 8h ago
MACD at -157 looks quite scary, and RSI at 38.9 doesn't show much sign of a rebound either. Let's wait a bit longer.
View OriginalReply0
View More