$HMSTR The curve in the picture pertains to the work of HMSTR/usdt
Quick analysis based on the chart:
General trend:
There was a clear decline from the level of 0.001111 to approximately 0.000636 (downward trend).
Then the price started to rise and broke through the downward trend line (the break occurred around the area of 0.00085).
Moving averages (EMA):
The price is currently fluctuating around the EMA 10 and EMA 25 averages, while the EMA 50 is much higher than it (still forming a strong resistance).
RSI (Relative Strength Index): at approximately level 47 (i.e., in the neutral zone, neither overbought nor oversold).
MACD: It has started to show weak positive crossover signals, but the momentum is not strong yet.
The price is currently moving sideways after an upward attempt.
If the price remains above 0.000851 (the drawn resistance), it could continue to rise gradually.
If it breaks down below 0.000810, there is a possibility of returning to a downward trend.
The short-term trend now: sideways with a slight upward inclination after exiting the downward trend.
The price needs to make a clear breakout above the level of 0.000851 – 0.000900 to confirm the rise.
However, if it drops below 0.000810, the trend will return to downward.
