MACD continues to operate with a death cross, bears are dominant, but momentum is not strong.
RSI is around 33, close to the oversold area, indicating limited downside potential, and a small rebound may occur at any time.
Support level: 0.1710, a break below may test the 0.162–0.165 range.
Resistance levels: 0.188, 0.210 (previous rebound high points).
Strong resistance level: 0.286 (stage high point, far from the current market).
Short term: If the support around 0.171 can hold, there may be a slight rebound.
Medium term: If it cannot break through the 0.188–0.19 range, the trend remains weak.
Aggressive: You can try to buy low in the 0.171–0.165 range, targeting 0.188–0.19.
Once it breaks below 0.162, caution is needed for further declines.
Overall, the short term is bearish, but it has entered a possible technical rebound zone. If you want to operate, it's best to keep an eye on the 0.171 area; a break below requires caution for continued declines, while holding above may present an opportunity for a rebound.
Long-term outlook is positive, as some activities have not yet started, creating some expectations.
