{"id":369843,"date":"2025-02-17T14:47:34","date_gmt":"2025-02-17T09:17:34","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=369843"},"modified":"2025-02-17T14:47:34","modified_gmt":"2025-02-17T09:17:34","slug":"remains-near-107-00-lower-descending-channel-boundary-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/remains-near-107-00-lower-descending-channel-boundary-crypto-news\/","title":{"rendered":"Remains near 107.00, lower descending channel boundary &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>The US Dollar Index may find key support near the descending channel\u2019s lower boundary at 106.30.<\/strong><\/li>\n<li><strong>The 14-day RSI is below 50, signaling increasing bearish momentum.<\/strong><\/li>\n<li><strong>The primary resistance appears at the nine-day EMA at 107.47<\/strong><\/li>\n<\/ul>\n<p>The <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/us-dollar-index\" data-fxs-autoanchor=\"\">US Dollar<\/a> Index (DXY) edges higher after registering losses in the previous two consecutive sessions, trading around 106.90 during the European hours on Monday. A review of the daily chart suggests a prevailing bearish bias as the index consolidates within the descending channel pattern.<\/p>\n<p>However, the 14-day Relative Strength Index (RSI) is positioned below the 50 level, indicating a strengthening bearish momentum. Furthermore, the US Dollar Index remains positioned below the nine- and 14-day Exponential Moving Averages (EMAs), confirming the short-term price momentum is weaker.<\/p>\n<p>On the downside, the DXY could approach the lower boundary of the descending channel at 106.30 level, followed by the psychological level of 106.00. A break below this level could reinforce the bearish bias and put downward pressure on the index to test the three-month low at 105.41, which was recorded on December 6.<\/p>\n<p>Regarding resistance, the DXY could find its primary resistance at nine-day EMA at 107.47, followed by 107.66. A decisive break above these levels would improve the short-term price momentum and support the pair to explore the region around the descending channel\u2019s upper boundary at 109.50 level, followed by the five-week high of 109.80, last tested on February 3.<\/p>\n<h3 class=\"fxs_headline_small\">US Dollar Index: Daily Chart<\/h3>\n<p><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/editorial.fxsstatic.com\/miscelaneous\/image-638753792576209902.png\"><\/a><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The US Dollar Index may find key support near the descending channel\u2019s lower boundary at 106.30. The 14-day RSI is below 50, signaling increasing bearish momentum. The primary resistance appears at the nine-day EMA at 107.47 The US Dollar Index (DXY) edges higher after registering losses in the previous two consecutive sessions, trading around 106.90 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":361116,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,459,255,250,277,252,247,253,249,308,256,254],"class_list":["post-369843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-dollarindex","tag-gta","tag-looks-rare","tag-majors","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/369843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=369843"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/369843\/revisions"}],"predecessor-version":[{"id":369848,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/369843\/revisions\/369848"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/361116"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=369843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=369843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=369843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}