### **Fundamentals:**
- **Current price:** 0.08530 USDT
- **Price change (24 hours):** -9.01%
- **Trading volume (24 hours):**
- SIGN: 245.62M
- USDT: 21.69M
- **Price range (24 hours):** 0.08374 (low) - 0.09489 (high)
---
### **Technical Analysis:**
1. **Overall trend:**
- The price has seen a sharp decline of 9.01% over the past 24 hours, indicating strong selling pressure.
- A breakout below the support level at 0.08530 could lead to further decline towards 0.08374 (today's low).
2. **Moving Average Indicator:**
- 5-day moving average (MA5): 87,221
- 10-day moving average (MA10): 72,811
- The averages indicate market volatility, with a tendency towards decline due to the current price being below these averages.
3. **Order Book:**
- Buy orders are present at 0.08509 and 0.08460, which may form temporary support.
- Clear resistance at 0.08585 and 0.08554, which must be broken to reverse the bearish trend.
4. **Trading Volume:**
- Trading volume is relatively high (48,622), confirming market activity, but the majority are currently leaning towards selling.
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### **Forecast:**
- **Bearish scenario:**
- If selling pressure continues, the price may reach 0.08374 (strong support).
- A breakout at this level could open the door for further decline towards 0.08000.
- **Bullish scenario:**
- If the price rebounds from 0.08530 and breaks 0.08585, it may target the next resistance at 0.08650.
- An upward move requires an increase in trading volume and support from buyers.
---
### **Recommendations:**
- **For short-term traders:**
- Monitor the breakout at 0.08530 (support) or 0.08585 (resistance) to make an entry decision.
- Use stop-loss orders at 0.08400 in case of selling.
- **For long-term investors:**
- Wait for signs of stabilization or trend reversal, especially with the currency being in the 'new infrastructure' category, which may attract interest later.
---
### **Conclusion:**
The market is currently in a bearish phase with strong selling pressure, but nearby lower levels may see rebounds. Caution is advised, and monitoring technical indicators and trading volume before making any investment decisions is recommended.
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