$HMSTR The curve in the image belongs to the work of HMSTR/usdt
Quick analysis based on the chart:
General trend:
There was a clear decline from the level of 0.001111 to approximately 0.000636 (downtrend).
Then the price started to rise and broke above the downward trend line (the break occurred at around 0.00085).
Moving Averages (EMA):
The price is currently fluctuating around the EMA 10 and EMA 25 averages, while the EMA 50 is much higher (still forming strong resistance).
RSI (Relative Strength Index): at approximately level 47 (i.e., in the neutral zone, neither overbought nor oversold).
MACD: It has started to show weak positive crossover signals, but the momentum is not strong yet.
The price is currently moving sideways (horizontal) after a failed attempt to rise.
If the price holds above 0.000851 (the drawn resistance), the rise may continue gradually.
If it breaks down below 0.000810, there is a possibility of a return to the decline.
The short-term trend now: sideways with a slight upward tilt after exiting the downtrend.
The price needs a clear breakout of the level 0.000851 – 0.000900 to confirm the rise.
However, if it drops below 0.000810, the trend will return to bearish.