200 SMMA: The 200-period SMMA is positioned at approximately 0.2431, which is significantly above the current price of 0.2025. This moving average acts as a strong resistance level, reinforcing the bearish sentiment as the price remains well below this threshold.

2. RSI (Relative Strength Index):The RSI is at 47.36, which is below the midpoint of 50, indicating a bearish sentiment without yet reaching oversold territory. This level suggests that there may be room for a further decline, though a rebound could be possible if buying pressure increases.

3. MACD (Moving Average Convergence Divergence):The MACD line is slightly positive at 0.0002, while the signal line is at -0.0026. The histogram reflects limited bullish momentum, and without increased buying interest, the trend is likely to remain bearish.

4. Support and Resistance Levels:Immediate Support: Around 0.2000, which serves as a crucial support level. A breakdown below this level could lead to further declines towards the next support zones.Key Resistance: Around 0.2431 (aligned with the 200 SMMA), acting as a strong resistance level. A breakout above this level would indicate a potential shift toward bullish sentiment.


Bullish Scenario: If W/USDT manages to break above the 0.2431 resistance level, it could aim for the next resistance at 0.2600, signaling a potential reversal.

Bearish Scenario: Failure to hold above the 0.2000 support level may lead to further declines, with the next support expected around 0.1800.

Disclaimer:

This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a professional before making any investment decisions.