Today's Technical Analysis

Support and Resistance

  • The first support level: around 0.014837. This position has served as a support for the price. If it breaks down, it will face greater downward pressure.

  • The second support level: around 0.014500. If it breaks, it will enter a lower support area.

  • The first resistance level: at 0.015971. The price is close to this level. If it breaks through, a rebound is likely to occur.

  • The second resistance level: at 0.016500, which is a strong pressure zone. If it breaks through, it will be possible to resume the rise.

EMA indicator

  • EMA50 (short-term moving average) is around 0.0153 and the price is currently below it, which suggests that the price may face downward pressure in the short term.

  • EMA100 (medium-term moving average) is at 0.0157, and the long-term moving average has a significant downward pressure. If the price breaks through this area, it may resume its upward trend in the short term.

Bollinger Bands

  • The current upper track of the Bollinger Band is around 0.01600. If the price breaks through this position, it is possible to rebound and further test the pressure zone of 0.01650.

  • The Bollinger Bands have a moderate width, indicating increased market volatility and a possible price breakout in the short term.

MACD indicator

  • The DIF line is currently negative and has a large gap with the DEA line, indicating that the market is currently in a downward trend and the bears are dominant.

  • The MACD histogram shows strong red bars, indicating that the market selling force is strong and the downward pressure is greater in the short term.

RSI indicator

  • The RSI is currently 42.85, close to the neutral zone and not in the oversold zone, which means that the market is not overly weak, but it also does not show a strong rebound signal.

Recommendations

Long operation: If it stabilizes around 0.1050, it is expected to rebound.

  • Entry range: 0.01490-0.01510

  • First target: 0.01535

  • Second target: 0.01560

  • Stop loss setting: 0.01480

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