1. General trend:
• The current trend shows a correction after a strong rise during the past period.
• The current price is 0.00002171 with a positive change of +0.88% during the past 24 hours.
2. Support and resistance points:
• Support:
• The closest support level is 0.00002000.
• Strong support at 0.00001500, which is a potential rebound level if the decline continues.
• Resistance:
• The first resistance level is at 0.00002230.
• The next resistance is at 0.00002500.
3. RSI (Relative Strength Index):
• Current value: 40.77, which is close to the neutral zone, indicating no overbought or oversold conditions.
• If the indicator drops to 30 or below, it may be a buying opportunity.
4. MACD (Convergence Divergence Indicator):
• The lines indicate weak selling momentum at the moment.
• Any positive crossover may indicate the beginning of a reversal in the trend.
5. Trading Volume:
• The trading volume during the 24 hours is 50.20M USDT, which indicates good activity on the currency.
Recommendations:
1. Buy:
• If the price reaches the support level at 0.00002000 with positive signals on the RSI or MACD.
• Follow the buying momentum signals at a positive crossover on the MACD.
2. Sell:
• When testing the first resistance at 0.00002230 and not being able to break through it.
• Follow the weak signals on the RSI if it exceeds 70 (overbought).