1. Current price and technical indicators:
Current price: $0.00000000087796
Change rate: -1.29% (slight decline)
EMA (50) indicator above the current price = clear selling pressure.
EMA (100) and EMA (200) are above the current price → the overall trend is still downward in the medium and long term.
RSI (12) at approximately 44 → neutral zone leaning towards oversold, meaning there might be a near-term rebound opportunity if demand increases.
MACD is currently negative but close to a rising crossover point (weak positive signal so far).
2. Liquidity and market capitalization:
Liquidity: $2.45M → good for daily trading but not very high, meaning any large buy or sell movement could affect the price.
Market capitalization: $12.82M → small to medium project, dependent on community size and future support.
3. Trading volume and activity:
24-hour trading volume: $511,710 (medium activity).
Number of transactions in 24 hours: 6,985 → there is relatively active trading, indicating a community interested in the currency.
4. Near-term technical analysis (short-term):
Strong support currently at $0.00000000078782 (previous low).
First resistance at $0.00000000086187, and if it breaks, we might see $0.00000000094674 as a subsequent target level.
If support at $0.00000000078782 breaks, it may drop to $0.00000000075000.
5. Overall outlook:
Short-term (days to weeks): Sideways movement with a chance of a rebound if trading volume increases and the price successfully surpasses resistance.
Long-term: entirely depends on project development and the interest of new investors. The trend remains downward until important EMA averages are broken.
