$IN Current price and trend:
Current price: stands at 0.08272, with a total increase of +41.62% over the past 24 hours.
Accumulation phase: After reaching a peak price of 0.10150, it entered a corrective downward wave and is now moving sideways above the moving average lines (EMA 7 and EMA 25) directly.
Moving averages: the price is now touching the EMA(7) line at 0.08234 and EMA(25) at 0.08226. Staying above these lines is considered a positive signal for continued stability, but breaking below could mean further decline towards EMA(99) at the 0.071 levels.
Technical indicators:
RSI index: values range between 61 and 62. This indicates that buying momentum is still present but with much less intensity than at peak times, giving the impression that the market is "catching its breath".
MACD indicator: we observe an impending negative crossover or the beginning of columns turning red below the zero line. This is a warning that upward momentum is weakening, and we may see selling pressure in the coming hours unless new buying "volume" appears.
Watch levels:
Resistance: the psychological barrier at 0.08572 then the previous peak at 0.09462.
Support: the current area between 0.08234 and 0.08226 is a very critical support zone.
Summary:
The currency is now in a "waiting" zone. If the price manages to hold above 0.082 and starts to rebound, it may target higher levels. However, if it breaks this support, it is likely to test the 0.076 areas or lower.
