Will Data break below $0.1328 support as sellers keep control?

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Data slides 8.12% to $0.1448 today

Highlights

DATA/USD remains below key moving averages, confirming both near-term and long-term downtrends with ongoing selling pressure.
Momentum and strength indicators show bearish conditions and the asset is oversold, indicating strong downside but a possible short-term stabilization.
The price fell 8.12% to $0.1448 with high volatility and is projected to trade between $0.1328 and $0.1568 over the next two days.

Bearish momentum confirmed as price tests oversold levels

On the hourly chart, DATA is trading below both the MA-20 at $0.1537 and MA-50 at $0.1518, signaling pressure across the near-term and intermediate timeframes. The price remains below the daily MA-200 (value not specified), and the Ichimoku Kijun at $0.1542 is serving as immediate resistance. Momentum indicators, including MACD and ADX, are bearish. The RSI is at 32.68, with both Stochastic RSI and CCI in oversold territory, indicating a potential for short-term relief but no clear reversal signal. Bull/Bear Power readings confirm seller dominance, and the Awesome Oscillator supports the negative trend. The price action is marked by high volatility and alignment among bearish signals, with no notable positive divergence.

Downside risk prevails as volatility range narrows

Over the next one to two trading days, DATA is expected to trade within the $0.1328 to $0.1568 range, reflecting a typical volatility band relative to current levels. Probabilities currently favor continued downside, with a 78% likelihood of further decline and only a 22% chance of an upward move. The baseline scenario sees price stabilizing within this corridor. A bullish break would require the price to move above the $0.1542 resistance, while a decline below the $0.1328 support would signal renewed bearish momentum.

Viktoras Karapetjanc, expert at Traders Union, notes that DATA is under notable technical pressure. He sees most indicators confirming a bearish trend, but observes short-term oversold conditions. The absence of fresh news suggests sentiment is driving the current move. Karapetjanc remains constructive but disciplined, saying: "If DATA can reclaim the $0.1542 level, momentum may shift, but for now the bears control the short-term outlook."

Earlier, analysts noted that DATA had shifted to a bullish technical outlook as momentum indicators began to favor further gains. The latest analysis signals a reversal of that trend, with momentum now skewed to the downside, making the $0.1328 support level critical for traders monitoring renewed sell pressure.

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.