The Bollinger Bands are showing the middle band at 631.90, with the upper band way up at 646.87 and the lower one at 616.93. We're currently trading below the middle band, which suggests some short-term weakness, but we're still well above the lower band, so no major breakdown yet.


What stands out to me is the Stochastic RSI sitting at a very low 11.29, while the MA Stochastic RSI is even lower at 4.74. That usually signals the asset is oversold in the short term, so we could see some bounce or at least a relief rally soon if buyers step in.

Right now the key levels I'm watching are the recent low around 618 and the resistance zone near 635-640. If it can hold above 618 and the oversold indicators start turning up, we might see a push back towards the middle Bollinger Band and maybe even test 640 again. But if it breaks below 618 convincingly, things could get ugly fast.
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NeonIceMelt
· 1h ago
Stoch RSI is extremely low + moving averages are even lower; this often first gives you a false rebound to lure buyers before continuing to weaken. Don't chase the high.
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GateUser-b855d183
· 4h ago
1000x VIbes 🤑
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TransparentDomeCity
· 5h ago
If the 635-640 pressure zone cannot be broken through, the rebound may end around the middle track.
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AirdropArchivist
· 5h ago
This wave looks like short-term weakness, but it hasn't collapsed yet.
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AvocadoYieldRate
· 5h ago
Strategically, I will divide it into two parts: a small test around 618, then add after confirming the shift; if the daily chart closes below 618, then stop-loss and withdraw.
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GovernanceVotingTug-Of-WarKing
· 5h ago
618 this low point is too critical; as long as it holds, it can still be considered a pullback, but if it breaks, don't try to fight it.
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BreadthHunter
· 5h ago
I prefer to look at volume; overselling doesn't mean an immediate reversal. If no buying pressure comes in, it just continues to grind.
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OpcodePoet
· 5h ago
The random RSI has already dropped to 11, which indeed has a bit of a "overly fallen" feel. Waiting for a rebound signal.
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