The cryptocurrency has been on a downtrend for a while now; the pair just got 12.39% gains in three trading sessions,
The relative strength index is currently at 38%, which could start driving the price up as the markets react. Our parabolic SAR indicator suggests that the price will continue to go down; however, this is a lagging indicator, we could see some more gains for the pair in the short term.
The Bollinger bands are open, and we could see higher volatility in the subsequent few trading sessions, which is much needed. Short and long-term moving averages are still moving down, but there is a slight stop to that drop; this indicates that the price might have a recovery soon.
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