SKHYNIX PLUNGES! RSI OVERSOLD, READY TO REBOUND?



ANALYSIS:
SKHYNIX/USDT on the 1-hour timeframe came under sharp selling pressure after failing to hold the 1.220–1.230 area. The price fell rapidly to around 1.177,94, accompanied by a spike in volume, indicating a significant increase in seller activity.

The short-term structure has turned bearish as the price is below MA7 1.211,62, MA25 1.228,91, and MA99 1.227,35. The Supertrend around 1.216 is also above the price, reinforcing the bearish pressure signal.

RSI(6) fell to 22,53, indicating oversold conditions. This opens the possibility of a technical rebound, but it is not yet confirmation of a reversal. MACD remains strongly bearish, with DIF at -8,24, DEA at -0,88, and a widening negative histogram.

Key support is around 1.145–1.130. If this area breaks, selling pressure could continue toward 1.120. Initial resistance is at 1.196–1.212, followed by the stronger 1.225–1.235 area.

In conclusion, SKHYNIX remains bearish in the short term. The oversold RSI makes a rebound highly likely, but the recovery will become more convincing only if the price can reclaim the 1.212–1.225 area with strong volume.

$SKHYNIX #GateSquare #ContentMining #GateStockInsightsChallenge #SKHynix #Dyor
SKHYNIX-1.63%
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Rizan12
· 2 hours ago
yeah
Reply1
IWANN
· 2 hours ago
bull
Reply0
GateUser-a9712189
· 3 hours ago
Interesting to monitor. Pay attention to price movements, volume, and market trends before making a decision.
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GateUser-be1544a7
· 3 hours ago
Bull Run 🐂
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GateUser-be1544a7
· 3 hours ago
Bull Run 🐂
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GateUser-1d21b509
· 3 hours ago
hy
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