The price hit a 24h high of 1.2064 but faced sharp rejection there.#OG
Current Trend: On this 15-minute timeframe, we are seeing a retracement. After that large vertical green move, the last few candles are red, showing that buyers are exhausted and some traders are taking profits.
Support Level: The price is currently sitting around 1.1049. If it fails to hold this level, the next psychological support is around the 1.06 area where the previous consolidation happened.
2. Indicators
RSI (Relative Strength Index): The RSI(6) is at 46.42. This is neutral. It has dropped from the "overbought" zone (above 70), which means the immediate "hype" buying has slowed down, giving the price room to either consolidate or drop further.
Volume: There was a massive spike in volume during the pump, but the volume on the red candles is starting to taper off. This could mean the selling pressure isn't quite as aggressive as the buying was, but there’s no clear "buy" signal yet. #BTC100kNext? $OG
