The predominance of market selling leads to a local price decline, but the minimum is not broken. Counter-limit demand creates support and keeps the market within a wide price range.
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.
Over the period under review, aggregated market orders show a predominance of sell trades. Locally, these orders remain effective—the price is declining (red rectangle).
At the same time, locally, limit orders show a predominance of buy orders (black rectangle), indicating the formation of a counter-limit offer in the current price range.

The Balance Index is in the mid-percentile range and does not show any significant deviations.

Price Dynamics
Market orders continue to put pressure on the price, leading to a local decline. At the same time, limit orders are seeing an upward balance shift, creating local support from limit demand.
Amid ongoing market selling, the price failed to break the local low (red line) and continues to move within the established, fairly wide price range.

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