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Support and Resistance Levels:

1. Resistance Level: The recent peak near 0.5548 appears to be a resistance level since the price has fallen after reaching this point.

2. Support Level: The lowest point shown is around 0.5191, which acts as the support level. If the price tests this level again and holds, it could indicate strong support.

Trend Analysis:

The trend here appears to be bearish overall:

The price is trading below the 50 EMA (pink line) and 200 EMA (blue line), which typically suggests a downtrend.

The RSI (Relative Strength Index) values show mixed signals, with the RSI(6) at 58.6, suggesting slight upward momentum, while the RSI(15) and RSI(25) are lower, indicating weaker momentum.

In summary:

Downtrend is still dominant, as indicated by the price staying below major EMA levels.

Support is around 0.5191; a drop below this could signal further decline.

Resistance near 0.5548 might be tested if there is a trend reversal.

If you’re considering a trade, wait for a clear signal, such as a breakout above the 50 EMA for a possible uptrend or a drop below 0.5191 to confirm continued bearish momentum.