Ruby / Usdt BYBIT:RUBYUSDT
The current price of Ruby stands at $0.0017, approaching a crucial support zone at $0.00146. In technical analysis, a support zone is a price level where buying interest is expected to be strong enough to prevent further declines. If Ruby maintains its current price at $0.0017 or successfully holds above $0.00146, it suggests potential stability or upward movement. In such a case, the next resistance zones to monitor are at $0.00161 and $0.00196. Resistance zones are levels where selling pressure may emerge, potentially halting further price increases.
If Ruby breaks through the current support level at $0.00146 and fails to hold above it, the price could potentially decline further, indicating a bearish trend. Conversely, if the price manages to hold at $0.0017 and rise past $0.00161, it could continue moving towards the next resistance level at $0.00196, suggesting bullish momentum.
**Disclaimer:** This analysis is for informational purposes only and is not financial advice. Always conduct your own research (DYOR) and consult with a professional financial advisor before making any investment decisions.
