Will Data extend its losses amid persistent bearish momentum and limited signs of reversal?

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Data slides 8.88% today to $0.1826

Highlights

DATA/USD trades decisively below key short- and long-term moving averages, confirming strong selling momentum.
Technical momentum indicators are aligned to the downside, with MACD and ADX both issuing firm sell signals and no bullish divergence present.
Expected range for the next 2 to 3 days is $0.1752 to $0.19, with a high probability of further declines unless immediate resistance is broken.

Sustained sell momentum as technical signals confirm ongoing pressure

On the technical front, DATA/USD is trading below the MA-20 and MA-50 on the hourly chart, which reflects both near-term and medium-term selling pressure. The price remains under the daily MA-200, and the Ichimoku Kijun at $0.1931 serves as immediate resistance. Momentum indicators, including MACD and ADX, both signal a continued sell bias, while RSI and CCI are now in oversold territory. Notably, Stoch RSI stands neutral, suggesting exhaustion without confirmation of reversal, and Bull/Bear Power indicates sustained seller control over intraday price action. No oscillator divergence is present, and price remains pinned near session lows during a high-volatility period.

Range consolidation likely as volatility limits bullish prospects

Within the next two to three trading days, DATA/USD is expected to trade in a range between $0.1752 and $0.19, in line with its current volatility profile. The probability of an upside break is seen as very low for now, while further downside remains a high-likelihood scenario. The base expectation is for continued consolidation within this corridor; only a move above immediate resistance would open scope for a bullish reversal, with a break of the lower band marking renewed selling.

Anton Kharitonov, leading analyst at Traders Union, notes that DATA continues to face technical headwinds with the price unable to overcome key resistance at $0.1931. He emphasizes that negative momentum dominates, reinforced by persistent selling pressure and a lack of bullish signals. Current oversold readings do not yet indicate a clear reversal is at hand. "Until bulls reclaim control above the major resistance, any upside looks limited and risks remain tilted to the downside," Kharitonov warns.

Earlier, analysts noted that Data was exhibiting strong bullish momentum supported by technical indicators. The current breakdown below key moving averages signals a shift to persistent downside risk, with traders now advised to watch for either stabilization within the defined range or renewed weakness if the lower support fails.

Source of Data: DATA Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.