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IQ coin has not performed well in the past 24 hours. From a technical perspective, the short-term downside pressure is evident—7-period EMA has already fallen below the 25-period EMA, and the MACD has shown a bearish crossover signal, indicating that upward momentum is waning.
What about the funding situation? Not optimistic either. The ongoing net outflow trend is playing out, especially a large single outflow of 6,425 USDT, clearly reflecting increasing selling pressure in the market.
Another detail worth noting is that the RSI indicator is now hovering around 38.15, showing an overall downward trend. This suggests that bearish momentum is gathering, and short-term buying interest is relatively cold.
From a technical standpoint, the optimism previously seen in the community has not translated into actual price support. What lies ahead are bearish technical signals, continuous capital outflows, and weakening RSI signals—these factors combined make the short-term downtrend of IQ coin quite apparent.