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Published: 19 May 2026,05:49
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XAGUSD, H4:
Silver experienced a sharp sell-off, with the metal declining by more than 16% from last week’s peak, reflecting a substantial deterioration in short-term market sentiment and a significant unwinding of its previous bullish momentum.
Although silver managed to stage a technical rebound following the steep decline, the broader bearish pressure appears to remain intact and may continue to weigh on price action. Under the current setup, the metal could remain vulnerable to further downside movement, potentially exposing the immediate liquidity zone near the $72.00 level.
Momentum indicators, however, suggest that selling pressure may be beginning to moderate. The Relative Strength Index (RSI) continues to hover near oversold territory, indicating that downside conditions are becoming increasingly stretched. At the same time, the Moving Average Convergence Divergence (MACD) is showing early signs of forming a bullish crossover near the bottom, which may signal that bearish momentum is gradually easing.
While the prevailing near-term bias remains cautious, the improving momentum indicators suggest that the intensity of the sell-off may be slowing, potentially increasing the likelihood of stabilization or a technical recovery if key support levels are able to hold.
Resistance Levels: 78.70, 83.45
Support Levels: 71.95, 66.85
BTC, H4
Bitcoin is currently trading within a lower-high and lower-low price structure, signaling that the cryptocurrency remains under a bearish trend and that sellers continue to maintain control of the near-term market direction.
The prevailing downside momentum is further supported by technical indicators. The Relative Strength Index (RSI) remains hovering near oversold territory, reflecting persistent selling pressure and weak buying interest. Meanwhile, the Moving Average Convergence Divergence (MACD) continues to trend lower, indicating that bearish momentum remains firmly intact.
Given the current technical setup, BTC may remain vulnerable to additional downside pressure, with the next critical pivotal support level emerging near the $74,000 mark. Should selling momentum continue to strengthen, the cryptocurrency could potentially extend its decline toward this key support area in the near term.
While oversold conditions could lead to temporary rebounds, the broader technical picture continues to favor a bearish bias unless BTC is able to reclaim key resistance levels and re-establish a stronger market structure.
Resistance Levels: 79,270.50, 81,280.00
Support Levels: 74,080.00, 71,522.10
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