DF Coin Analysis (Hourly Frame):
1. Support ♥:
First support: at 0.07950, which is a support level close to the recent bottom recorded by the price.
Next support: at 0.07800, based on previous historical levels.
2. Resistors ♥:
First resistance: at 0.08120, which is a resistance level that intersects with the moving average (MA25).
Second resistance: at 0.08280, which is a major resistance level near the moving average (MA99).
3. Technical indicators:
MACD: The indicator is in the negative zone, but there are signs of convergence between the DIF and DEA lines, indicating a possible weakening of the selling momentum.
RSI: Current value is at 43.50, indicating that the price is in a neutral zone but close to oversold areas.
Parabolic SAR: The dots are currently above the candles, confirming that the trend is still down.
4. General trend:
The price is currently below the moving averages (MA25 and MA99), indicating a continuation of the downtrend in the short term.
Trading volume: Shows a slight decrease, reflecting investors' hesitation between buying and selling.
5. Conclusion ♥♥:
Buy trade: Wait for a break of the resistance at 0.08120 firmly, with confirmation from technical indicators such as a positive cross in MACD or RSI above 50.
Sell Trade: If the price breaks the support level of 0.07950, the next support can be targeted at 0.07800.
Current price:
0.0804####TrumptMarketInsights