Will Data avoid deeper losses amid strong seller momentum and oversold signals?

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Data drops 7.39% to $0.1453 today

Highlights

DATA/USD trades below key moving averages, confirming short-term and medium-term bearish pressure in the market.
Price action remains near session lows at $0.1453 after a 7.39% daily drop, close to high volatility support areas.
Bearish signals dominate with oversold momentum indicators, and the expected range for the next sessions is $0.1353 to $0.1506.

Bearish momentum dominates as oversold signals and resistance levels cluster

On the technical front, DATA/USD remains below the MA-20 ($0.1515), MA-50 ($0.1514) on the H1 chart, and below the long-term MA-200 on the daily timeframe. The Ichimoku Kijun level at $0.1528 serves as immediate resistance. Support is observed at $0.1353, with resistance at $0.1506 and $0.1528. Momentum indicators paint a strong bearish picture, as MACD signals Sell and ADX is Neutral. Both RSI at 38.804 and CCI indicate oversold conditions, and Stoch RSI is also oversold, signaling potential exhaustion of selling. However, Bull/Bear Power remains negative, and the Awesome Oscillator confirms ongoing bearish momentum. The price trades near session lows with elevated volatility.

Further downside risk persists as volatility defines near-term range

Looking ahead, the expected trading range for DATA over the next two to three sessions is $0.1353 to $0.1506, reflecting a volatility band relative to current levels. The probability of a significant upward move is very low, while the likelihood of further downside remains very high. Baseline scenario anticipates price consolidation within the stated range. A bullish reversal would require a break above the Ichimoku Kijun resistance at $0.1528. Conversely, if price falls below $0.1353, the recent downtrend could accelerate.

Viktoras Karapetjanc, expert at Traders Union, sees continued downside momentum in DATA, with the asset trading well below key moving averages and momentum indicators confirming bearish sentiment. He notes a lack of meaningful news or macro drivers, emphasizing the current move appears technically driven and sentiment remains negative. Most indicators point to oversold conditions, suggesting a possible pause in the decline, but further downside cannot be ruled out unless resistance levels are reclaimed. Karapetjanc believes a bullish reversal is only likely if price moves decisively above $0.1528. "At this stage, I am optimistic only if the market starts to reclaim resistance and stabilize above $0.1528 — until then, bears remain in control."

Earlier, analysts noted that Data (DATA) was exhibiting strong bullish momentum and was positioned for a potential breakout driven by technical strength. The current shift to bearish momentum and a breakdown below key moving averages signals a significant change in trend, with the immediate focus on whether support at $0.1353 can hold to prevent further downside risk.

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.