February 20, 2026 08:01
TOP SEARCHES
Stocks popular
Crypto
Currencies
CFD
Support
The current technical analysis of the asset shows a bearish sentiment prevailing in the market. Lower highs and lower lows characterize the trend, indicating a challenging environment for bullish movements. The asset has faced resistance when attempting to break key levels, pointing towards sustained market pressure.
However, certain levels of support appear to be holding firm, which could offer potential bounce opportunities if market conditions shift.
The overall trend appears bearish in the short term, with a sequence of lower highs and lower lows.
A key pattern is the recent attempt at a bullish move that quickly turned into a bearish engulfing, suggesting strong resistance.
The price recently attempted to break above 25,000 but faced resistance. A new support appears to be forming around 24,500.
The MACD line is below the Signal line, indicating a bearish crossover in the recent past.
Negative histogram values suggest decreasing downward momentum but remaining in bearish territory.
No clear divergences currently, though the MACD is indicating continued bearish pressure with fading momentum.
There is a notable spike in volume during price drops, suggesting selling pressure.
Increasing volume on bearish candles reinforces the downward trend.
An earlier substantial increase in volume could indicate institutional selling.
Around 24,500, this level is a potential zone for a bounce.
Recent attempts to break above 25,000 have failed, marking it a strong resistance level.
Breaking below the current support could trigger further downside, while surpassing resistance may lead to a bullish reversal.
Consider a hold or sell strategy until a stronger confirmation of reversal is observed. Short-term traders might look for opportunities to sell on rallies.
A bullish MACD crossover or increased buying volume might signal a potential reversal. Closely monitor the support at 24,500.
Overall sentiment leans bearish; however, a shorter-term consolidation could precede a potential reversal.
Secured By SSL. Copyright © Axia Trade. All rights reserved. 2024
Company Information: This website (www.axiainvestments.com/) is operated by Smarttool Trading SC Limited, a Seychelles investment firm, authorised and regulated by the Financial Services Authority of Seychelles with license number SD034. Smarttool Trading SC Limited is located at Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles.
Partner company Marketvalley Ltd provides business operation services for Smarttool Trading SC Limited, office address: Archiepiskopou Makariou III, 198 Marinos Court, 1st Floor, Flat/Office 13, 3030, Limassol Cyprus, registration number HE415749.
Risk warning: Contracts for difference (‘CFDs’) is a complex financial product, with speculative character, the trading of which involves significant risks of loss of capital. Trading CFDs, which is a marginal product, may result in the loss of your entire balance. Remember that leverage in CFDs can work both to your advantage and disadvantage. CFDs traders do not own, or have any rights to, the underlying assets. Trading CFDs is not appropriate for all investors. Past performance does not constitute a reliable indicator of future results. Future forecasts do not constitute a reliable indicator of future performance. Before deciding to trade, you should carefully consider your investment objectives, level of experience and risk tolerance. You should not deposit more than you are prepared to lose. Please ensure you fully understand the risk associated with the product envisaged and seek independent advice, if necessary. Please read our Risk Disclosure document.
Regional Restrictions: Smarttool Trading SC Limited does not offer services within the European Economic Area as well as in certain other jurisdictions such as the USA, British Columbia, Canada and some other regions.
Smarttool Trading SC Limited does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of any financial product. Smarttool Trading SC Limited is not a financial adviser.
Secured By SSL. Copyright © Axia Trade. All rights reserved. 2024
Company Information: This website (www.axiainvestments.com/) is operated by Smarttool Trading SC Limited, a Seychelles investment firm, authorised and regulated by the Financial Services Authority of Seychelles with license number SD034. Smarttool Trading SC Limited is located at Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles.
Partner company Marketvalley Ltd provides business operation services for Smarttool Trading SC Limited, office address: Archiepiskopou Makariou III, 198 Marinos Court, 1st Floor, Flat/Office 13, 3030, Limassol Cyprus, registration number HE415749.
Risk warning: Contracts for difference (‘CFDs’) is a complex financial product, with speculative character, the trading of which involves significant risks of loss of capital. Trading CFDs, which is a marginal product, may result in the loss of your entire balance. Remember that leverage in CFDs can work both to your advantage and disadvantage. CFDs traders do not own, or have any rights to, the underlying assets. Trading CFDs is not appropriate for all investors. Past performance does not constitute a reliable indicator of future results. Future forecasts do not constitute a reliable indicator of future performance. Before deciding to trade, you should carefully consider your investment objectives, level of experience and risk tolerance. You should not deposit more than you are prepared to lose. Please ensure you fully understand the risk associated with the product envisaged and seek independent advice, if necessary. Please read our Risk Disclosure document.
Regional Restrictions: Smarttool Trading SC Limited does not offer services within the European Economic Area as well as in certain other jurisdictions such as the USA, British Columbia, Canada and some other regions.
Smarttool Trading SC Limited does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of any financial product. Smarttool Trading SC Limited is not a financial adviser.
Promotions
