Particularly low volumes this weekend did not help to rally above the $7'600 level.
Current support/resistance: $7'400/$7'800
The price is still in a downtrend. However, in recent days he has managed to stay above the $ 7,400 level and test the $ 7,600 level. This zone must be maintained as support if we want to see a bullish scenario in the short term. The 20-day moving average has been crossed at the end of last week and if sufficient volumes reinforce this signal, it could be enough to break the current resistance. In addition, the MACD lines began to diverge in the green a week ago and this movement is now gaining strength.
The overall general feeling seems mixed, which is well reflected by the lack of momentum in all directions of the current price, as well as the SwissBorg Community Trend which is lower than usual (60%) and the CyBorg Predictor for which the outcome is unclear (prediction close to 50%).