Maker

• The price is approaching the lower Bollinger Band, indicating potential oversold conditions. This could suggest a possible bounce or a continued downtrend if it breaks further below the lower band.
  
• Resistance: There is strong resistance near the $1,800-$1,900 region, where the price had multiple rejections in late July and early August.
  
• Support: Immediate support is around the $1,470-$1,500 region, which the price is currently testing. This level is crucial, as a break below could signal further downside toward $1,300-$1,400 levels.
  
• The market has been in a consistent downtrend since mid-July, as seen with lower highs and lower lows. The price remains below the 20-day moving average (middle line of the Bollinger Bands), reinforcing bearish sentiment.
  
• The volume appears to be slightly decreasing. Low volume during a downtrend could indicate weakening selling pressure. However, a spike in volume without a price reversal may signal a continued decline.
  
• Bullish: If the price holds above the current support level ($1,470-$1,500), we could see a rebound toward the middle Bollinger Band (around $1,600) or even the upper Bollinger Band if the bullish momentum grows.
  
• Bearish: If the price breaks below the lower Bollinger Band, a fall toward the next support zone ($1,300-$1,400) is likely, indicating further downside risk.