$2Z Price has been moving down for a while and touched a small support near the lower range. After hitting the bottom around 0.121, the chart is showing signs of a slow recovery as buyers step back in.
Short-term moving averages are still pointing downward, but the price is trying to shift momentum. RSI also dropped earlier but is now turning upward, showing that sellers are losing pressure and buyers are slowly returning.
I checked two views to refine the analysis:
1️⃣ Short-Term Price Trend (1h View) The decline is slowing down and the candles are starting to form a mild upward hook. If volume continues to increase, the market may try to push toward the mid-range again.
2️⃣ RSI Movement View RSI bounced from the lower area and is climbing. This usually hints at a possible short-term shift from selling pressure to a mild recovery.
This is just my personal market observation, not financial advice. Always manage your own risk.
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$2Z Price has been moving down for a while and touched a small support near the lower range. After hitting the bottom around 0.121, the chart is showing signs of a slow recovery as buyers step back in.
Short-term moving averages are still pointing downward, but the price is trying to shift momentum. RSI also dropped earlier but is now turning upward, showing that sellers are losing pressure and buyers are slowly returning.
I checked two views to refine the analysis:
1️⃣ Short-Term Price Trend (1h View)
The decline is slowing down and the candles are starting to form a mild upward hook. If volume continues to increase, the market may try to push toward the mid-range again.
2️⃣ RSI Movement View
RSI bounced from the lower area and is climbing. This usually hints at a possible short-term shift from selling pressure to a mild recovery.
This is just my personal market observation, not financial advice. Always manage your own risk.