Technical analysis and trend of RECALL currency

The chart shows a sharp downward trend followed by a strong sudden rebound:

The downward phase (correction): The currency experienced a sharp decline from the peak (around $0.53) down to the bottom (around $0.083), indicating that many traders have exited the currency or were liquidated.

The current rebound (Bounce): The rise of +46.89% is a signal of strong buyer entry, and there may be positive news or strong speculation.

Resistance:

Immediate Resistance: The price is now above the 25-day moving average ($0.126534), which could turn into new support. The next resistance may be at previous levels such as $0.15 or $0.25.

Major Resistance: At the previous highest point (around $0.53).

Support:

Immediate Support: Located at the 25-day moving average ($0.126534) and then at the 7-day moving average ($0.104149).

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