The PORT asset is exhibiting bearish weaknessThe behavior of the PORT cryptocurrency is currently bearish, indicating a possible continued decline. Over the past month, it has performed poorly with a decrease of -33.66%, suggesting it is steadily heading downwards.
The critical trend lines of the 20-day and 50-day EMA bands have been broken by the PORT asset, displaying a bearish trend. If sellers maintain their dominance in the market, further deterioration can be expected.
The PORT asset is exhibiting bearish weakness, with the MACD below the zero line and the RSI below the median line 50 at 44.88. This implies that the PORT Finance asset is still in negative territory and prone to further declines.
At the time of writing, the CMP is at $0.02054, with a daily increase of 0.40%. However, a bearish trendline still dominates the daily chart, and the price is currently close to the critical support level of $0.01700. If the price fails to sustain and drops further, it could fall even lower.
If buyer interest increases and the price rises from its current level, it could once again reach target levels of $0.03400 and $0.04000.
