$LUMIA There is no definitive confirmation regarding the Lumia (LUMIA) price direction in the next few hours, but the current technical analysis indicates a slight bearish bias.

Reasons that may support the decline:

RSI at 39.21: Still far from the oversold zone (<span which means there is room for further decline.

Short-term and medium-term moving averages are giving sell signals: Which enhances the possibility of a continued decline.

Reasons that may support the rise:

Some buying signals from long-term averages: May support the price.

If the trading volume suddenly increases, we may witness a short-term bullish bounce.

General Expectation:

If the price maintains the current support (around $0.78 - $0.79), it may rebound higher.

If this support is broken, we may witness further decline.

The nearby resistance is at $0.87, and if it is broken, an uptrend may begin.

Conclusion: The trend is not decided, but the signals are more bearish, unless there is a strong buying momentum. If you are a short-term trader, watch the price action at support and resistance levels before making any decision.