$NOT
From the chart you provided, we can analyze the following:
1. Price Action:
The market has seen a small upward movement recently as reflected in the last few green candles. The price increased from the recent low of 0.007256 to 0.007430.
However, this move is still within the context of an overall downward trend.
2. Moving Averages:
The MA(7) (yellow line) is close to the MA(25) (pink line), suggesting a potential short-term bullish crossover if the price keeps increasing.
The longer-term MA(99) (purple line) remains far above the current price, indicating that the broader trend is still bearish.
3. Volume:
There is some increase in buying volume recently, which supports the short-term upward price movement.
4. MACD Indicator:
The MACD is showing a slight upward momentum (positive crossover of MACD and signal line), which can indicate a short-term bullish movement.
Conclusion:
Short-Term: The market shows signs of a small upward trend as buyers seem to be stepping in.
Long-Term: The broader trend remains bearish since the price is below the MA(99).
If the upward momentum continues and breaks above key resistance levels (around 0.007575), we might see a more sustained uptrend. However, closely monitor for any rejection or decrease in volume, which could signal a reversal back downward.