Price: 0.652 | EMA7: 0.74 | EMA25: 0.87 | RSI14: 36.15 | Resistance: 2.489 | Support: 0.153 | Average Volume: 6919554.69 | Volume Trend: Decreasing
Based on the technical analysis of XNOUSDT at 1w:
- The price is below both EMA7 and EMA25, indicating a downtrend.
- RSI14 is at 36.15, suggesting the asset is approaching oversold territory but not yet there.
- MACD is negative, supporting the downtrend indication.
For a Long position, consider entry around 0.50-0.55 if it bounces back from the current level or continues to decline, as it's still far from the strong support at 0.153.
For a Short position, consider entry around 0.80 if the price rallies to EMA7 or beyond, as resistance is strong at 2.489.
For a Spot Buy, the best price would be around 0.153 (strong support) or if there's a clear reversal pattern at a lower level, like around 0.50-0.55.
Keep in mind, the decreasing volume trend may indicate a loss of interest in selling, potentially preceding a reversal. Monitor for signs of reversal or continued downtrend.