The trend has fluctuated in recent days. Prices are in a sideways consolidation phase and may continue to fluctuate in the short term.
Looking at the MACD indicator, the MACD bar is still below the zero axis and has shortened, and the downward momentum is weakening. However, since the MACD line is still below the signal line, it is likely to remain weak in the short term.
The RSI indicator shows around 50 and is in the neutral zone, with no obvious signs of being overbought or oversold. The market is currently in equilibrium and may continue to fluctuate in the short term.
The trading volume shows that the volume has been relatively stable recently, with no obvious signs of volume increase or contraction.
If the important support level of 110 can be stabilized, there is a possibility of a rebound.