RSI

will oversold RSI spark a reversal?

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will oversold RSI spark a reversal?

Cardano is gradually approaching a major support zone near $0.62, with several technical indicators aligning for a potential bounce. However, a lack of trading volume leaves bulls awaiting stronger confirmation. Cardano’s (ADA) has been in a slow decline over the past several sessions. Traders are now closely monitoring the $0.62 region, which serves as a … Read more

Bitcoin Forms Bullish RSI Divergence Just in Time for U.S. CPI

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Bitcoin Forms Bullish RSI Divergence Just in Time for U.S. CPI

Introduction Bitcoin has been in a consolidation phase following recent market volatility, hovering around crucial support levels. While regulatory developments and macroeconomic factors continue to influence price action, traders have identified a key technical pattern—a bullish RSI divergence. This could indicate a potential trend reversal, presenting a possible opportunity for traders and investors alike. Additionally, … Read more