In this Daily chart of district0x/ USD Coin (DNT/ USDC), there is an appreciating range from 0.004592 to 0.007198.
The market then depreciated to the 0.0055 level (identified by the blue up arrow), just below the 0.005587492 area that represents the 61.8% retracement of the appreciating range.
The market then appreciated to the 0.005913 level, just above the 0.005895 level that represents the 50% retracement of the appreciating range.
The market continues to appreciate.
Using RSI, we can observe the slope of RSI (14) became positive after the market established a subsequent low around the 0.005589 level. Also, RSI (14) just bullishly crossed above RSI Average (3), suggesting price appreciation may continue.
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