On the Request Network / USDT (4h, Binance) chart, we can see a strong downward move that pushed the price towards the $0.128 area, where a first buying reaction is appearing. This level coincides with a local support zone that has previously stopped declines multiple times.
Key points to note:
The price has reached the lower boundary of the recent consolidation range, which increases the chances of a rebound.
The sell-off was sharp, and markets often see corrective upward moves after such strong drops.
Moving averages are still sloping down, but a short-term recovery is possible if buying pressure holds.
In summary, there is a probability that in the coming days the price will attempt a rebound towards $0.15, which represents a psychological resistance and a former balance area from August.
Potential TP: 0.15 USD
Key points to note:
The price has reached the lower boundary of the recent consolidation range, which increases the chances of a rebound.
The sell-off was sharp, and markets often see corrective upward moves after such strong drops.
Moving averages are still sloping down, but a short-term recovery is possible if buying pressure holds.
In summary, there is a probability that in the coming days the price will attempt a rebound towards $0.15, which represents a psychological resistance and a former balance area from August.
Potential TP: 0.15 USD
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.