The analysis of the form shows that this cryptocurrency has been experiencing a volatile downtrend since the beginning of June 2024 until mid-March 2025. The key resistance levels are at 0.00004400 (June 2024) (UTC) and 0.00004700 (October 2024) (UTC), while the key support levels are at 0.00001500 (December 2024) (UTC) and 0.00000400 (March 2025) (UTC). The trading volume reached 57000 units in July and August 2024, but the final data indicates a weak willingness to trade in the market. The EMA indicators show an overall downward trend, and the MACD indicator suggests that bearish forces are dominating, although the downward momentum is decreasing. The price has repeatedly touched the lower Bollinger band, indicating an oversold condition. In summary, it is expected that the price will continue to fluctuate downwards in the short term, so it is recommended to wait.
Is it still possible to bet that it will return to the historical launch peak?