Price has collapsed sharply below all four moving averages, closing the latest week around $69,629 after a brutal selloff. The MA(10) at approximately $96,816, MA(20) near $97,816, and MA(30) around $99,186 have all converged and now form a dense resistance zone between $96-99k. The MA(200) sits at roughly $78,186 and has been breached to the downside—a death cross scenario where all shorter MAs are below the long-term average signals deep bearish momentum. Price is approximately 28% below the MA(200), indicating severe oversold conditions on a weekly timeframe. Key support is visible at the recent low around $76,500, with the next major floor near $68-69k where price is currently testing.

Volume surged dramatically during the decline, confirming strong selling pressure. The two highest volume weeks of the visible chart occurred during the breakdown, showing capitulation-level activity. This elevated volume validates the move rather than suggesting it was a low-conviction drift—real distribution occurred. The most recent weekly bar shows slightly declining volume, which may indicate exhaustion, but no reversal signal is yet present.

Both PPO indicators paint a deeply oversold picture. The Long-term PPO (21,34,0) has plunged to approximately -10.7%, its lowest reading on the entire chart, and remains in negative territory with no sign of bottoming. The Short-term PPO (5,13,0) sits near -8.0%, similarly depressed but showing marginal deceleration in the rate of decline. Neither has crossed above zero or shown a bullish histogram divergence—momentum remains firmly negative. Any reversal would require both PPOs to curl upward and cross their signal lines, which has not occurred.

The StochRSI (14) is pinned near 0.22, deep in oversold territory and hovering at multi-month lows. The Full Stochastic shows %K at approximately 10.16, well below the 20 oversold threshold, with %D slightly higher—no bullish crossover is evident. The CCI (20) reads approximately -124.23, firmly below the -100 oversold level and indicating extreme selling pressure. While these oscillators confirm oversold conditions that typically precede bounces, none have yet turned up or generated a buy signal. Oversold can remain oversold in strong downtrends.