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UB's price has dropped from 0.04979 to 0.043, a decline of nearly 15%. This wave of correction is quite significant, but from a technical perspective, some interesting signals have emerged.
The RSI has already fallen to 26.4, and the J value has also reached -3.8, indicating a clear oversold condition. More notably, the MACD is about to form a golden cross at the bottom, which typically signals a rebound opportunity.
The current price has already touched a key support zone. If this line can hold, there may be a more obvious reaction later. However, ultimately, it depends on whether the trading volume can effectively cooperate to confirm the authenticity of the trend reversal.
UB's recent move is really oversold, RSI is already at 26 and still dropping? If the volume doesn't pick up, it's just a false rebound. Let's just watch it.
The golden cross is right in front of us, just worried that selling pressure will come even stronger.