Price: 0.863 | EMA7: 0.87 | EMA25: 0.88 | RSI14: 37.49 | Resistance: 1.142 | Support: 0.853 | Average Volume: 707340.72 | Volume Trend: Decreasing
Based on the 1h technical analysis of EIGENUSDT:
- The price (0.863) is below both EMA7 (0.867) and EMA25 (0.882), indicating a bearish trend.
- RSI14 (37.49) suggests the asset is oversold, which could lead to a rebound.
- MACD (-0.0108) is negative, confirming the bearish trend.
Advice:
- Short entry: Consider shorting near the resistance level (1.142) if the price reaches that point.
- Long entry: A potential long entry could be near the support level (0.853) if the price dips to that point, considering the oversold RSI.
- Spot buy: The best spot buy price would be near the support level (0.853), waiting for a bounce back. Be cautious due to the overall bearish trend.