Price: 0.0532 | EMA7: 0.05 | EMA25: 0.06 | RSI14: 31.13 | Resistance: 0.0596 | Support: 0.0523 | Average Volume: 670824.86 | Volume Trend: Increasing
Based on the 1h technical analysis of FIDAUSDT, the indicators suggest a potential short-term downtrend.
Long entry advice: Consider buying around the support level of 0.0523.
Best spot buy price: 0.0523.
Short entry advice: If the price bounces from the current level, consider shorting around 0.056 or 0.0596 (Resistance).
Keep a close eye on the RSI14, as it's nearing oversold territory (31.13). A reversal is possible if RSI14 crosses above 30.
MACD is negative, indicating a bearish trend. However, the increasing volume trend may indicate a potential reversal. Monitor the price action closely.