#TAC The currency is in a clear downward trend after a wave of profit-taking.
Current price: 0.005287.
Resistance: The moving averages (MA7 and MA25) are gathering in the area between 0.005305 and 0.005339, forming a strong barrier against any upward movement.
Support: The critical support is the 24-hour low at 0.005243.
Momentum: The MACD indicator confirms that the momentum is negative and declining. The STOCHRSI has not yet reached oversold levels, indicating there is a possibility of continued decline toward support.
Final summary: The currency is under selling pressure and critical support should be monitored. It needs to break through the aforementioned resistance to confirm any recovery.