Is FTAC Emerald Acquisition Corp. technically bullish or bearish?

Jun 25 2025 09:18 AM IST
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As of May 23, 2025, the market trend is mildly bearish, influenced by daily moving averages and weekly Bollinger Bands, despite some mixed bullish signals from the MACD and RSI on longer timeframes.
As of 23 May 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by the daily moving averages indicating a bearish sentiment and the weekly Bollinger Bands also showing bearish characteristics. The MACD on a weekly basis is mildly bullish, but the monthly MACD remains bearish, suggesting mixed signals. The RSI shows no signal on the weekly timeframe but is bullish on the monthly, adding to the complexity of the current outlook. Overall, while there are some bullish indicators on longer timeframes, the prevailing sentiment remains mildly bearish due to the daily and weekly signals.
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