follow and like for more analysis
$1000RATS
Technical analysis
1. General trend
The 1-week chart shows a strong decline from a peak of 0.14700 USDT.
The recent trend is sideways, with the price stabilizing around the 0.02 to 0.03 USDT zone.
2. Moving averages
EMA 7 (yellow): 0.02175
EMA 25 (purple): 0.03328
The price remains below the EMA 25 moving average, indicating that selling pressure remains strong despite a slight rebound.
The breakout above EMA 7 indicates the beginning of bullish momentum in the very short term.
3. Volume indicator
The volume remains significant, with a spike during notable bearish movements.
A slight increase in volume accompanies the recent stabilization attempt, which may signal growing buyer interest.
4. RSI (Relative Strength Index)
RSI(6): 54.4
The RSI has returned to the mid-zone, suggesting an absence of overbought or oversold conditions. This indicates that the market is in a phase of hesitation with a slight bullish bias.
Key points to watch
Immediate resistance: 0.025-0.027 USDT (EMA25 zone and peak of consolidation).
Main support: 0.014-0.016 USDT (lows in the recent period).
Sustainable rebound: A significant breakout above the EMA25 moving average will be needed to confirm a bullish reversal.
Support by volumes: Monitor if the volume continues to increase during upward attempts.
Conclusion
The major drop seems to have stopped on solid support with the first signs of a possible reversal.
However, the underlying trend remains fragile as long as the price stays below the EMA25 resistance.
Caution: investing at this stage involves high risk, as the market is still uncertain.
