SNT Technical Analysis: Struggling At $0.027, Trend Remains Mysterious

SNT prices showcase a sideways trend at $0.027 struggling to decide the upcoming trend. Will the market conditions influence a bearish trend? Key technical points: The SNT market price has increased 0.30% over the past 24 hours. The price action shows higher price rejection in the daily candle. The 24-hour trading volume of Status is $19.48 Million, indicating a hike of 96%. Past Performance of SNT SNT prices fail to surpass the $0.044 mark and the resistance trendline results in a price fall to the $0.027 support level. However, the bullish attempt to form a double bottom reversal pattern struggles to sustain at higher prices. Hence, the long-wick formation in the daily candle hints at a downtrend continuation. Source- Tradingview SNT Technical Analysis SNT prices showcase a higher price rejection in the daily candle avoiding the prices to sustain above $0.027. Hence, traders looking out for a selling opportunity can enter at the candle closing below $0.025. The RSI slope shows the oversold boundary cushioning the downfall, leading to a sideways shift in underlying power dynamics. The gradually falling 14-day SMA maintains an overall bearish outlook but the bullish divergence teases a potential reversal in the price trend. The MACD indicator shows the fast and slow line struggling to maintain the downtrend as the reversal teases a bullish crossover. Moreover, the falling trend in the negative MACD histograms represents a high...