🔹 Current market situation:
Current price: 0.00000000095281 $ (down -12.61%).
Highest price in 24 hours: 0.0000000011519 $
Lowest price in 24 hours: 0.00000000087192 $
Market cap: approximately 13.07M $.
Liquidity: 2.70M $ → relatively good for trading.
Volume in 24 hours: 1.06M $
Circulating supply: 13,716.22T Jager (very large, which pressures the price).
🔹 Technical analysis (from the chart)
Current trend:
The price broke the strong support at 0.0000000010 $ and dropped to around 0.00000000087 $ and then rebounded slightly.
This means that the currency is in a short-term downtrend.
Indicators:
EMA 50 and 100: the price is below them → selling pressure.
RSI (37 and 28): in the area near oversold → a temporary rebound may occur.
MACD: currently negative (ongoing selling pressure).
Important levels:
Strong support: 0.00000000087 $ → if it breaks, it may drop to 0.00000000068 $.
Nearby resistance: 0.00000000114 $ → it must surpass this to start recovery.
🔹 Short-term forecast:
If the price maintains support at 0.00000000087 $, we might see a rebound upwards towards 0.0000000011 $.
If this support breaks, there is a possibility of a deeper drop.
The medium-term outlook is still negative unless there is a large influx of liquidity or positive news.
✅ Summary:
The currency is now in a downward phase but close to a support area that could provide a rebound.
Entering now is a high risk; it's better to wait for a reversal confirmation (exceeding 0.0000000011 $).
If you are a long-term investor → you must consider that the large supply of the currency reduces the chances of a strong rise unless coins are burned or there is strong official support.
