Since the beginning of the year, this asset has shown an impressive return of 65%. It is worth noting that at its peak the price was almost twice as high. However, over the last month we have seen a significant correction of 32%.
Trading volume has also decreased recently. If you pay attention to the opening of positions in the order book, you will notice that short transactions predominate.
Let's look at how the chart of this asset behaves and what it tells us. Most indicators point to continued decline. Moving averages on all timeframes signal the need to sell. The MACD level shows a divergence and gives a buy signal. On the other hand, there are indicators that indicate the need to open short positions. If you look at the RSI, you can see that it is at 37 points on the four-hour time frame. This is quite a lot considering the current circumstances. The nearest support zone is the level of 0.000019. Although there is support there, without a market rebound trend this asset will not be able to rise.
