#CGN


CGN/USDT analysis

Time Frame: 15 Minutes

1. General Trend (Trend)
The trend is still downward. The price is moving below the moving averages MA5, MA10, and MA30, indicating continued selling pressure.

2. Moving Averages (MA)

MA5 below MA10 and MA30

All averages are declining.
Negative signal and continued price weakness.

3. Support and Resistance Areas

Nearby support: 0.00300
If it breaks, we may see a price of: 0.00270

First resistance: 0.00390

Second resistance: 0.00450

4. MACD Indicator

Still below zero - Negative Histogram
This means that the selling momentum is still dominant.

5. Trading volumes have decreased during the drop, which means there are no strong buyers yet.

Technical Summary

The price is still in a downward trend, and there is currently no confirmed reversal signal.
The currency is close to the support at 0.00300; if it holds, we may see a temporary rebound. However, if it breaks, the likelihood of a decline increases.
CGN0,03%
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