Current Pattern Analysis
CYS has recently shown clear signs of downward pressure, with a bearish technical outlook. From multiple technical indicators, MACD, stochastic(Stochastic), vortex(Vortex), and momentum(Momentum) all indicate weak signals, laying the foundation for subsequent downside risk. However, it is worth noting that RSI and DMI indicators have captured some local demand signals, but these signals are not strong enough to reverse the overall bearish trend.
Key Price Levels
Based on on-chain data and technical analysis, resistance levels are mainly concentrated at 0.3958, 0.4000, 0.4074, and 0.4197 USDT. There is significant selling pressure between 0.4074 and 0.4197. If the price re-tests 0.3958 but fails to gain strong momentum