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The current price is $0.02312, reflecting a decline of 35.51% over the past 24 hours. During this period, the price reached a high of $0.03765 and a low of $0.02204.
Moving Averages suggest:
· The short-term MA(7) at $0.02323 is close to the current price.
· The medium-term MA(25) at $0.02601 is above it, indicating a downward trend.
· The long-term MA(99) at $0.03399 is considerably higher, reinforcing a strong bearish trend.
Volume has significantly decreased (below the MA(5)), which shows diminished buying interest.
In conclusion, technical indicators signal a robust bearish trend. The price is approaching an important support level at $0.02204. If it falls below this level, further declines may occur. For now, adopting a short position or taking a wait-and-see approach is recommended.