✅ Current Price:
0.008476 USDT
Severe drop of -44.94% in the last 24 hours.
📉 General Trend:
Strong downward trend after breaking the support level of 0.013 – 0.012.
The moving averages EMA(20, 50, 99) are all arranged in a descending order, supporting the continuation of the decline.
🔎 Technical Indicators:
RSI & Stoch RSI:
RSI (12) = 14.62
Stoch RSI = 11.62
Both are in the excessively oversold zone ➜ We may see a technical rebound, but it does not mean the end of the decline.
MACD:
Histogram = Strongly negative
Clear negative crossover between the MACD and Signal lines ➜ Supports continued selling pressure.
📈 When does the upward trend start?
First condition: Break resistance at 0.00980 and close above it with at least a 1H candle.
Second condition: Bullish crossover in the MACD and improvement in RSI above 30.
Third condition: Significant increase in buying volume and appearance of a strong reversal candle like Bullish Engulfing or Hammer.
📌 General Expectation:
🔻 The price is expected to test the range of 0.0072 – 0.0068 over the next hours or days, before attempting to enter an upward trend.
But confirmation of the rise will only be with a breakout above 0.0098 – 0.0105 consistently.
🟩 Suggested Trading Strategy (for medium risk):
Trial entry from 0.0072
Reinforcement if it reaches 0.0065
Strict stop loss: 0.0057
Upward targets: 0.0094 – 0.0108 – 0.0132
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