Timeframe:
Timeframe: The image shows the price action over a short period of time (1 hour).
Price performance: Over the last 24 hours, there was a 1.84% decrease in the price, as the price fell from 16.488 to 15.963.
Technical analysis:
Candles: The chart shows Japanese candlesticks that show the price action for an hourly period.
Relative Strength Index (RSI): The RSI value is around 39.843, which means that the market is not in the overbought or oversold zone, but closer to the oversold zone.
MACD: It indicates the convergence of the lines, which may indicate a decline in the downward momentum.
Orders: The buy-to-sell ratio is around 56.80% to 43.20%, which indicates a slight preference for buying at the moment.