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Bullish Scenario:
Break Above $0.008500: A sustained move above the 200 SMA could signal the beginning of a trend reversal and target the next resistance at $0.010000.Increased Volume and Positive MACD: If accompanied by a rise in volume and MACD crossing above the signal line, a bullish recovery could gain strength.
Bearish Scenario:
Drop Below $0.007500: A failure to hold this support could lead to further declines, targeting the major support level at $0.006500.Continuation of Bearish Momentum: Weak RSI and persistent negative MACD values could push the price lower.