General Trend:
It is clear that the price is in a strong downward trend, from about 0.66 to 0.59 with a decline of more than 17% over 24 hours.
Bollinger Bands:
The price is now at the lower limit (DN 0.5895), which often indicates an oversold condition and a potential short-term rebound.
MACD Indicator:
The lines are negative below zero.
Selling momentum continues but has started to weaken slightly (shorter red bars).
RSI Indicator (6):
At a level of 14 which is very low → indicates entering a strong oversold area, and is likely close to a temporary technical rebound.
Support and Resistance:
Nearest Support: 0.5900 (currently reached).
Next Support: approximately 0.5860.
First Resistance: 0.6020.
Strong Resistance: 0.6180 – 0.6200.
📌 Forecast:
The price is now at a support area (0.59). If it holds, we might see a corrective upward rebound towards 0.602 – 0.61.
In case of breaking 0.5900 with a clear close → it may drop to 0.5860 or even 0.58.
🎯 Suggested Strategy (not an investment recommendation):
Potential entry point: near 0.5900 if a reversal candle appears (engulfing/doji).
First target: 0.6020.
Second target: 0.6180.
Stop loss: close below 0.5860.