From the image, it is clear that the Jager currency is currently in a downtrend, with the price down more than 20%, and technical indicators such as the RSI are close to the oversold zone (around 31) but have not entered it strongly, which means there may be an additional decline before any rebound.
The MACD is also in a negative trend, and the red histogram bars are still increasing, indicating that sellers are in control.
Conclusion:
Buying now is risky because the overall trend is negative.
If you are thinking of entering, it is better to watch if the price stabilizes or gives a reversal signal (such as a reversal candle with higher trading volume).
Keep in mind that meme coins like these are high-risk and can drop further without warning.
