Overall Trend Since Inception:

   •   Current Trend: The trend still appears bullish on the long-term chart, as the price has moved up from very low levels (near 0.0125) to a recent high of 1.6521, before correcting.

   •   Current Correction: The price has moved back down to 1.2862, but it remains above the short-term moving averages (MA 7 and EMA 7), indicating that the bullish momentum is still intact in the short term.

Resistance and Support Points

   •   Key Support:

      •   1.1329 is a strong support level (marked by a previous plateau visible on the chart). If this level is broken to the downside, it could indicate a more significant reversal.

       •   The MA (7) at 1.2580 can also act as dynamic support for the bullish trend.

   •   Key Resistance:

      •   The previous high at 1.6521 is a major resistance. A break of this level could signal a continuation of the uptrend.

       •   In the short term, the 1.4320 area (24-hour high) represents an intermediate resistance.

Overall Sentiment

   •   Bullish but Cautious: The current correction is normal after such a rapid rise. As long as the price remains above 1.1329 and the short moving averages (MA 7 and EMA 7), the overall sentiment remains bullish.

    •   However, volatility seems high, so a close watch on support levels is recommended.

Technical Tips

1. For Bulls (Buy):

      •   Watch for a close above 1.4320 to confirm a recovery towards the high at 1.6521.

     •   Use moving averages (MA 7 or EMA 7) as support to enter a position.

2. For bears (sell):

      •   If the price breaks 1.2580 (MA 7) or 1.1329, it could signal a bigger decline, and the next levels could be 1.00 or lower.