Current price: 0.00000934
Daily change: –3.01% (slight drop)
Nearest high price: 0.00001040
Recent low support: 0.00000886
RSI Indicator (6): 20.7 ➜ Very strong oversold area (Oversold)
Moving Averages (EMA): the lines are crossing downwards, indicating a general short-term downward trend.
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🔸 Technical analysis based on Japanese candlesticks
The last candles are long with lower wicks, indicating a rejection of the lower price and the start of some buyers entering.
There is a strong support area around 0.0000090 – 0.0000088.
If this level is maintained and not broken, the probability of a rebound upwards is high.
There has not yet been a clear reversal candle (such as a hammer or bullish engulfing), but indicators suggest that a rebound may be very close.
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🔸 Supporting indicators.
RSI = 20.7 ➜ The currency is in a very clear oversold condition, which is often followed by an upward rebound within 24–72 hours.
Volumes: Have started to decrease, which means that selling pressure has begun to weaken.
The short EMA is below the long one ➜ The overall trend is still down, but the proximity indicates a potential positive crossover soon if the price rises slightly.
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🔸 Nearby support and resistance points.
Type Price Note
Strong support 0.0000088 Previous rebound area.
Secondary support 0.0000090 Today's bottom approximately.
First resistance 0.0000095 Psychological barrier.
Second resistance 0.0000100 If broken, it confirms a new upward movement.
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🔹 Conclusion
🔸 Current trend: short-term down.
🔸 However, the technical indicators (especially RSI) suggest that we are close to a very potential rebound area.
🔸 If the price maintains 0.0000090 and does not break it downwards, there is a high probability that we will see a rebound towards 0.0000098 – 0.0000102 in the coming days.
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🔸 Technical advice.
Monitoring is very important now, and selling in a strong oversold area is not recommended.
You can place a stop-loss point below 0.0000088 if the price goes down.
More.
If a 4-hour candle closes above 0.0000096, it will be a strong entry signal.
