Is PowerUp Acquisition Corp. technically bullish or bearish?
As of May 28, 2025, the market trend is mildly bearish, indicated by mixed signals from the MACD, RSI, moving averages, and Bollinger Bands, suggesting weak bearish sentiment overall.
As of 28 May 2025, the technical trend has changed from bearish to mildly bearish. The current technical stance is mildly bearish, driven primarily by the weekly MACD indicating a mildly bullish signal, while the monthly MACD remains bearish. The RSI shows a bullish signal on the monthly timeframe but no signal on the weekly. Moving averages on the daily are bearish, and Bollinger Bands are bearish on both weekly and monthly timeframes. The KST is mildly bearish on the weekly, and Dow Theory indicates a mildly bearish stance as well. Overall, the mixed signals suggest a weak bearish sentiment in the current market environment.
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