Silver Drops to $75 as Three-Month Loss Approaches 15%
- Increased Short-Term Volatility: After a robust uptrend, silver prices have slipped back to $75.515, peaking at $77 during the day but unable to maintain that level due to selling pressure, indicating a prevailing atmosphere of uncertainty in the short term.
- Significant Three-Month Correction: Over the past three months, silver has experienced a notable decline of 14.43%, yet it has achieved a remarkable 50.92% increase over six years, highlighting the strength of the long-term trend despite recent weaknesses.
- Technical Indicator Analysis: Currently tracking at $75.274 according to the Bollinger Band indicator, if silver holds above $75.08, analysts believe it could rebound towards $75.65 and potentially challenge the resistance at $76.21.
- Support Level Warning: Analysts warn that if silver falls below the $75 support level, it may test $74, further weakening the long-term bullish structure, necessitating close monitoring of market dynamics to assess future trends.
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Technical Analysis for BAND
Technical Sentiment Analysis for Band Protocol (BAND). As of , Band Protocol (BAND) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BAND stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BAND is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Band Protocol (BAND) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.173 | 0.185 | 0.195 | 0.207 | 0.217 | 0.229 | 0.239 |
| Fibonacci | 0.185 | 0.194 | 0.199 | 0.207 | 0.216 | 0.221 | 0.229 |
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