Can Data avoid deeper losses amid seller pressure?

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Data drops 8.88% to $0.0975 today

Highlights

DATA/USD trades below key moving averages and support levels, confirming persistent seller control and a bearish trend.
Momentum and trend indicators remain negative, though widespread oversold readings signal heightened risk of a technical rebound.
Expected short-term price range is $0.0921 to $0.103, with a 27% probability of an upward move and increased risk of further downside if support fails.

Bearish momentum confirmed as sell signals persist below resistance

On the technical side, DATA/USD is trading below the MA-20 ($0.1021) and MA-50 ($0.1052) on the 1h timeframe, while also remaining under the daily MA-200. Immediate resistance aligns with the Ichimoku Kijun at $0.1026. Momentum indicators show persistent downside, as both MACD and ADX deliver Sell signals. RSI is currently neutral, but oversold conditions appear in both Stoch RSI and CCI, suggesting some selling exhaustion. Intraday, Bull/Bear Power remains negative and the Awesome Oscillator confirms prevailing bearish momentum.

Downside risk favored as price stays near lower volatility band

Looking ahead, the short-term price range for DATA is expected between $0.0921 and $0.103, reflecting a typical volatility band relative to current levels. With a 27% probability of an upward move, a continued decline is the more likely scenario in the immediate future. Consolidation within the range remains a possibility if volatility subsides. A break above $0.1026 could open room for a recovery, while a move below $0.0921 may trigger further downside pressure.

Viktoras Karapetjanc, expert at Traders Union, sees DATA under pressure as technical conditions stay bearish and no new macro or sentiment drivers are at play. He notes that short-term downside remains likely while indicators stay negative, with only oversold signals hinting at potential for relief. The analyst maintains a constructive outlook and believes a recovery is still possible if resistance at $0.1026 is reclaimed. "I would watch for a decisive move above $0.1026 as an early sign of momentum returning to bulls," he says.

Earlier, analysts noted that Data remained entrenched in a bearish trend, with continued downside risks dominating its technical outlook. The latest analysis strengthens this view, as persistent selling and oversold conditions highlight the importance of monitoring $0.0921 as the next critical support level.

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.