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Short-term technical rebounds that can affect cryptocurrency prices include key support and resistance levels, trendline breaks, and moving average crossovers. When prices approach historical support levels, buying pressure can drive a rebound. Similarly, breaking a resistance level may trigger a surge in momentum. Moving averages, such as the 50-day and 200-day, often signal trend changes when they cross. Additionally, RSI (Relative Strength Index) overbought or oversold conditions can lead to price corrections. These technical indicators influence short-term market sentiment, triggering buying or selling activity that leads to price fluctuations.
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