A brief overview of the current market structure: buying activity via market orders is encountering limit supply. The price remains in a prolonged sideways range, despite anomalous deviations and localized increases in demand.
Table of content
In this market review, we are not attempting to predict the future; our task is to state the facts we have at the current moment. We base our actions on these facts, not on our expectations and hopes.
According to market orders over the selected period, in aggregate, buy orders predominate, while the balance remains shifted upward (green rectangle). At the same time, limit orders show a predominance of sell orders, while the balance continues to shift toward the supply side (red rectangle), indicating the formation of a limit resistance level.

Buying activity led to an upward price deviation of more than two standard deviations (blue arrow), which is a statistically abnormal price deviation.
Based on the last bars, the effectiveness of volume on price change has begun to diverge in favor of buyers – this is clearly visible by the divergence of the lines (black rectangle).

The Balance Index is shifted upward and is in the abnormal percentile zone, reflecting increased buying activity.

Price Dynamics
The balance of market orders continues to shift in favor of buyers, while the balance of limit orders is currently shifting downward, forming local resistance from the limit supply.
The price has remained within a local high and low for over 50 days, continuing to move within the established price range.

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