Based on the chart #hippo in the 1-hour time frame (1H), here is the technical analysis:
1. Current Price & Trend
Last price: 0.001887 USDT (+13.13%).
The price dropped to 0.001330 and bounced back up, but is still below the EMA (7), EMA (25), and far from the EMA (99).
Overall, the short-term trend is still bearish.
2. Moving Average (EMA)
" EMA(7): 0.001914
" EMA(25): 0.002643
" EMA(99): 0.005668 The current price is below all three EMAs, indicating that selling pressure is still dominant and there is no strong trend reversal yet.
3. Volume
Volume increased sharply previously, but is now starting to decline again. This indicates that buying interest is beginning to decrease after a brief spike.
4. MACD
DIF and DEA are negative (-0.000577), and the MACD histogram is approaching zero.
There are no significant crossovers indicating strong buy signals. Still in the bearish zone.
5. RSI (Relative Strength Index)
RSI(6): 38.14 Still below the neutral level (50), approaching the oversold area. This could be a signal of a potential small rebound, but not strong enough to confirm an upward trend.
6. Conclusion
Main Trend (1H): Bearish, but there is an attempt to rebound from the low point (0.001330).
If the price can break and hold above EMA(7) and EMA(25), it may continue to the next resistance.
If it cannot hold, there is a possibility of retesting support at 0.001330 or even lower.
Advice
For scalping: Watch for breakouts above EMA(7) and confirm with volume.
For short-term holding: Wait for confirmation of a trend reversal (EMA cross, positive MACD, or RSI > 50).
** Please reanalyze and always maintain your own risk management **