EMA99 = 0.027398 (purple) → The price is currently above EMA7 and approximately higher than EMA25 and EMA99, which gives us a short-term positive signal.
MACD:
DIF = -0.000158
DEA = -0.000229
MACD = slightly positive (+0.000072) → This means there is a beginning shift towards positivity but the momentum is weak.
RSI (6): 62 → It is considered in the neutral zone leaning towards overbought, but it is still far from 70 (overbought zone).
2. Price Action
The price bounced from 0.026146 as a near bottom, and rose strongly to 0.02764.
The last long green candle reflects good liquidity entering, but it was followed by a small red candle (signal for a potential short correction).
3. The closest possibility
In the short term (15 minutes): A slight downward correction may occur to retest the level of 0.0272 – 0.0273 (EMA25 and EMA99) before any new rise.
If the price maintains support at 0.0272 and rises again, the next target will be at 0.0282 – 0.0289.
Breaking below 0.0272 may drop the price to 0.0267.
✅ In summary:
Current trend: Short-term bullish.
Risk: We may see a slight correction before continuing the rise. #
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#SLAY Let me simplify the picture based on the indicators shown in the chart 👇
1. Current Price
Price: $0.028295
Today's Drop: -12.77% → This means there is clear selling pressure.
2. Indicators (EMA)
EMA7 = 0.028426 (shorter)
EMA25 = 0.028801
EMA99 = 0.030120
➡ The price is below all moving averages (EMA7, EMA25, EMA99) which is likely a bearish signal.
3. MACD Indicator
DIF = -0.000264
DEA = -0.000223
MACD = -0.000041
➡ All values are negative → This means the overall trend is still downward, and there is no strong buying momentum currently.
4. Candles
The last candle has made a small rebound from 0.028103 (temporary support), but the overall trend is still downward.
If it breaks the support at 0.0280, it could drop further.
The nearest resistance is at 0.0293 – 0.0300, and if it cannot break through, it will continue to drop.
---
✅ Summary:
Currently, the short-term trend is downward.
There is a possibility of a slight rebound (correction) from the support at 0.0280, but the overall picture still does not show strong upward movement unless the price returns above 0.0300 with high trading volume.
⚠️ Advice: If you are thinking of entering, be aware that the currency is volatile and risky, and it is better to wait for a clear upward signal (breaking resistance + strong trading volume).
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