A. Price Trends & Movements:
April Chart:
The price started high at 1,249 USDT but quickly declined, stabilizing between 277 USDT and 333.5 USDT. The sharp fall indicates a significant sell-off after an initial spike.After the steep drop, the market seems to have entered a consolidation phase with relatively lower volatility and lower volume, as seen in the middle to late part of the chart.
June Chart:
The price hit a low of 150.1 USDT and bounced back toward 277.2 USDT, indicating a potential bottom reversal.The increased volume and rising EMA lines show a recovery phase, possibly after some accumulation by buyers around the bottom levels.However, the trend remains bearish overall as the EMAs (7, 25, 99) have been below the key support levels, showing potential resistance ahead.
August Chart:
The price touched a low of 212 USDT before climbing back up to 277.4 USDT, showing another recovery after a sharp fall. The trend seems to be bullish in the short term.The MA(7) has crossed above MA(25) and is approaching the longer-term MA(99), signaling a potential bullish reversal.The volume has increased around the bottom, which shows that buyers may have returned and are pushing the price higher.
B. Moving Averages:
Exponential Moving Averages (EMA):In the April chart, EMAs (7, 25, and 99) are clustered and sloping downward, confirming the downtrend. The EMAs are flattening in the middle part of the chart, indicating consolidation.In the June chart, shorter-term EMAs have crossed upward, indicating a shift in momentum toward the upside. The EMAs reflect the beginning of a possible bullish breakout.In the August chart, the shorter-term EMAs have converged, suggesting some indecision in the market, but are poised for a bullish crossover if upward momentum continues.
C. Volume:
Volume spikes have been witnessed during periods of sharp declines and near potential bottoming-out phases, especially in the June and August charts.The decreasing volume after large price movements and low volume in sideways phases may suggest consolidation or accumulation phases.The August chart shows higher volume during the recovery phase, supporting the idea that buyers are taking control in the short term.
D. Key Support and Resistance
Levels:
Support:
150.1 USDT and 163.7 USDT are key support levels seen in the June chart.212 USDT in the August chart also acts as a key support level.
Resistance:
333.5 USDT is a key resistance from the April chart.The 435.4 USDT mark in the June chart acts as significant resistance.The 328.7 USDT level in the August chart could also act as resistance moving forward.
