📊 Technical Analysis for Currency 44724043638

1. General Trend (Trend):

It is clear that there is a downtrend since reaching the peak at 0.3026.

All the recent candles are almost bearish, and the price has broken previous support levels.

2. Moving Averages (MA):

MA7 (yellow) is below MA25 (pink) → Negative signal.

Both averages are trending downwards → Confirmation of the bearish trend.

3. Relative Strength Index RSI (6):

RSI = 18.78 → In the oversold zone (Oversold) (<30)

This may indicate a potential rebound soon (but should not be relied upon alone for buying).

4. Trading Volume (Volume):

There is a clear weakness in trading volume, indicating a lack of liquidity and current interest.

There are no strong green candles indicating the entrance of new investors.

🔍 Potential Support and Resistance:

Strong Support: 0.2220 (recently touched, and if broken, it may drop further).

First Resistance: 0.2396 (MA7 area)

Stronger Resistance: 0.2613 and 0.2830

✅ Recommendation (not investment advice):

Short Term: The market is bearish, and there is overselling; a small rebound may occur, but the risk is high.

Medium Term: Wait for confirmation of a reversal (such as breaking MA25 upwards or a positive crossover of the averages).