As expected the price is heading towards the rebound zone as well a retest of 0.618 Fibonacci level can be seen.
However, there's a breakdown below both the 50 and 200 SMA, possibly signaling a trend shift. Yet, market dynamics tend to fluctuate.
If we observe a daily close below this zone, it could indicate a change in the trend. The RSI stands at 41 and is declining, potentially offering buying opportunities in the future.
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$RIO | $USDT |
@realio_network
1D Update
As expected the price is heading towards the rebound zone as well a retest of 0.618 Fibonacci level can be seen.
However, there's a breakdown below both the 50 and 200 SMA, possibly signaling a trend shift. Yet, market dynamics tend to fluctuate.
If we observe a daily close below this zone, it could indicate a change in the trend.
The RSI stands at 41 and is declining, potentially offering buying opportunities in the future.