General trend
The price is in a strong downward trend after reaching a peak at 3.43 USDT, then sharply dropped to 1.59 USDT.
Currently, there is an attempt to recover but it is weak.
Moving averages
MA(7) = 1.8170 (closest to the current price): the price is below this average, indicating that selling pressure is still ongoing.
MA(25) = 2.7081 and MA(99) = 2.6150: both are clearly above the price, indicating that the downward trend is continuing.
Relative Strength Index (RSI)
RSI(6) = 21, RSI(12) = 22, RSI(24) = 29:
All are below 30, indicating that the market is in a sell saturation area, and a technical rebound may occur, but there is no confirmation of a reversal yet.
Trading volumes
There is an increase in trading volumes during the decline, indicating strong selling pressure.
Then the trading volume began to decrease with recovery attempts, indicating that buyers have not entered strongly yet.
Summary
The trend is still downward.
There is a sell saturation signal on the RSI, but there is no clear technical signal for a reversal yet.
If support at 1.59 is broken again, the decline may continue.
Nearby resistance: 1.8170 then 2.00.