Short-term tug-of-war for $G at the resistance zone
$G is currently trading at 0.00714 after hitting the resistance level 0.00714, along with the four-hour RSI indicator being in the high 73.9 area.
The fifteen-minute RSI falling back to 39.4 together with the current trading volume at 0.36x suggests the market is pausing after a series of highly volatile days.
On the other hand, if selling pressure dominates and breaks the support at 0.00704, the asset may slide deeper to find a new equilibrium point. If buying momentum returns and surpasses the 0.00714 resistance on the smaller time frame, the price could move toward higher resistance levels, like a small wave breaking through a barrier.
The long/short ratio at 0.8038 along with open interest remaining steady indicates a clear split in sentiment between the trading participants.
#Crypto #GUSDT
$G is currently trading at 0.00714 after hitting the resistance level 0.00714, along with the four-hour RSI indicator being in the high 73.9 area.
The fifteen-minute RSI falling back to 39.4 together with the current trading volume at 0.36x suggests the market is pausing after a series of highly volatile days.
On the other hand, if selling pressure dominates and breaks the support at 0.00704, the asset may slide deeper to find a new equilibrium point. If buying momentum returns and surpasses the 0.00714 resistance on the smaller time frame, the price could move toward higher resistance levels, like a small wave breaking through a barrier.
The long/short ratio at 0.8038 along with open interest remaining steady indicates a clear split in sentiment between the trading participants.
#Crypto #GUSDT