Price Overview 📊
- Current price: $0.04216.
- Price change: decreased by 0.19% 📉.
- 24-hour trading volume: 148.86 million GMT, with USDT trading volume decreasing to 6.30 million 💵.
Technical analysis 🔍
Moving Averages (EMA) 📈
- EMA (50): 0.04230
- EMA (100): 0.04241
- EMA (200): 0.04297
It appears that the short-term price averages (50 and 100) are below the 200 level, indicating that the overall trend may be bearish.
# Relative Strength Index (RSI) 📏
- RSI (14): 47.81
- RSI (6): 43.76
- RSI (24): 48.54
RSI values are around the 50 level, indicating that the market is in a balanced state ⚖️. This value should be monitored; if it exceeds 70, it may indicate overbought conditions, and if it drops below 30, it may indicate oversold conditions.
MACD 📉
- DIF: -0.00001
- DEA: 0.00001
A negative MACD value indicates weakness in the current momentum, which may mean that the downtrend is continuing. Future forecasts 🔮
If the price continues to trade below the 0.04297 level, we may expect further downward pressure, and we could see a support target at 0.04092. If the price manages to exceed 0.04330, we might witness an upward movement towards 0.04444.
Buy and sell points 🛒💰
- Buy point: if the price exceeds 0.04330.
- Sell point: the target may be 0.04092 if the downtrend continues.
Summary 📝
Based on technical analysis, current information suggests there are fluctuations in the market. It is important to monitor support and resistance levels and make appropriate decisions based on market movements.
⚠️ Warning: Trading in digital assets carries high risks and may lead to capital loss. Make sure to do your own research before making any investment decisions.
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