Price: 0.2378 | EMA7: 0.24 | EMA25: 0.24 | RSI14: 43.97 | Resistance: 0.2826 | Support: 0.2296 | Average Volume: 7715652.07 | Volume Trend: Decreasing
Based on the 4h ALGOUSDT analysis:
- The price is below EMA25, indicating a downtrend.
- RSI14 is nearing oversold territory, suggesting a potential bounce.
- MACD is negative, reinforcing the downtrend.
For Long position, consider entry around 0.2296 (support level) with a stop-loss below it.
For Short position, consider entry around 0.2420 (near EMA25) with a stop-loss above 0.2450.
Best spot buy price: 0.2296.