0.032 What does the technical aspect tell you at this position?
$SIGN It rebounded from 0.0314 to 0.0336, an increase of 5 points. However, the trading volume is 640 million, which is significantly less than a few days ago when it was unlocked.
The technical indicators are quite interesting. The RSI has pulled back from the oversold zone to around 50, and after the MACD death cross, the histogram has started to narrow, indicating a clear reduction in bearish momentum. The price is right at the support zone of 0.031-0.032, stabilizing in the short term. However, the SUPERTREND resistance level is still at 0.048, and there is no upward space opened up. @SignOfficial
Looking at the daily chart, since the high point of 0.055 in mid-March, it has already dropped by 40%. Whether this rebound can hold depends on whether it can increase volume above 0.035. If it can hold above, we can look at 0.04; if it can't hold, it will have to return to test 0.031.
On the fundamental side, Kyrgyzstan's CBDC will be issued next year, UAE real estate is being put on-chain, and TokenTable has processed 4 billion dollars, these are real. However, the token logic has not yet closed the loop, and the unlocking pressure remains. #Sign地缘政治基建
At this position, the technical aspect has given a repair signal, the fundamental side is waiting for implementation, and funds are in a wait-and-see mode. What do you think, is this rebound a technical repair or is it really going to reverse?
Let’s discuss in the comments, do you trust the technical aspect more or the fundamental aspect?
