Price: 0.0624 | EMA7: 0.06 | EMA25: 0.07 | RSI14: 31.48 | Resistance: 0.0782 | Support: 0.0609 | Average Volume: 8285244.31 | Volume Trend: Increasing
Based on the 1-hour chart, here's my technical analysis:**
The RSI (31.48) indicates an oversold condition, which could lead to a short-term bounce.
The MACD (-0.00206) is bearish, but it's close to the zero line, which might suggest a potential buy signal if it crosses above.
The EMA25 (0.065707) and EMA7 (0.062889) are both bearish, indicating a short-term downtrend.
Considering the increasing volume trend and oversold RSI), I'd recommend:
**Best Long Entry:** 0.0615 (just above the support level of 0.0609)
**Best Short Entry:** 0.0645 (just below the EMA7 and EMA25) **Spot Buy Price:** 0.0625 (current price, considering the oversold condition and increasing volume trend)
Please note that this is a short-term analysis, and you should consider your own risk management and market conditions before entering any trade.