Summary
• Price tested key resistance near 0.00010961 and failed to hold, closing lower at 0.00010726.
• RSI entered oversold territory, suggesting potential short-term buying interest.
• Volatility expanded in early hours before contracting toward the end of the session.
• A bearish engulfing pattern formed near 0.00010901–0.00010854, indicating bearish bias.
• Turnover increased during key price declines, confirming downward momentum.
Market Overview
Particle Network/BNB (PARTIBNB) opened at 0.00010758 (12:00 ET − 1), reached a high of 0.00011074, and a low of 0.00010718, closing at 0.00010726 (12:00 ET). Total 24-hour volume amounted to approximately 101,799.0 units, with turnover totaling around 11.26
.
Structure & Formations
Price action showed a clear bearish bias after testing resistance at 0.00010961, with a bearish engulfing pattern forming on the 5-minute chart near 0.00010901–0.00010854. This pattern suggests short-term bearish continuation. Support levels appear to form at 0.0001085, 0.00010762, and 0.00010718.
Moving Averages
On the 5-minute chart, the 20-period and 50-period moving averages crossed below key price levels after 20:30 ET, reinforcing the bearish trend.
The 50-period MA on the daily chart is not available due to lack of daily data in the input, but shorter-term momentum is clearly bearish.
MACD & RSI
The RSI dropped into oversold territory below 30, indicating potential short-term rebound potential. MACD turned negative and flattened toward the end of the session, suggesting momentum is slowing, but bearish pressure remains intact.
Bollinger Bands
Volatility expanded significantly in the early hours of the session, with price fluctuating between the upper and lower Bollinger Bands. By the later hours, volatility began to contract, with price closing near the lower band. This suggests potential for a bounce in the near term.
Volume & Turnover
Volume increased during key price declines, particularly between 04:30 ET and 06:45 ET, confirming bearish momentum. However, volume declined sharply in the final hours, which could signal a slowdown in selling pressure and possible short-term consolidation.
Fibonacci Retracements
On the 5-minute chart, the 61.8% Fibonacci retracement level at 0.0001085 closely aligned with a key support level. Price broke below this level and found a temporary floor at the 38.2% level near 0.00010762.
In the next 24 hours, a test of the 0.00010718–0.00010762 range could trigger a short-term bounce if buying interest emerges. However, without a clear reversal pattern and confirmation from RSI, further downside appears more likely. Investors should remain cautious and watch for any break of key supports below 0.00010718.
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