Trading suggestion:

• By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

Midterm forecast:

• While the price is below the resistance 0.564, continuation of downtrend is expected.
• We make sure when the support at 0.344 breaks.
• If the resistance at 0.564 is broken, the short-term forecast -continuation of downtrend- will be invalid.

Technical analysis:

• While the RSI downtrend #1 is not broken, bearish wave in price would continue.
• A trough is formed in daily chart at 0.4200 on 09/11/2023, so more gains maximum to Major Resistance (0.5640) is expected.
• Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
• Relative strength index (RSI) is 51.