Oversold RSI Signals Potential Reversal at Key Suppot

FHE is currently trading at $0.000000790640, near historical lows, with a market cap of just $79 and negligible 24-hour volume (CoinBrain). On the daily chart, FHE appears to be testing a critical support zone around $0.00000075-$0.00000080, a level that has held during previous sell-offs. The 14-day Relative Strength Index (RSI) is deep in oversold territory at 25, suggesting selling pressure may be exhausted. A bullish divergence is forming, with price making lower lows while RSI shows higher lows, hinting at weakening bearish momentum.
The 50-day Exponential Moving Average (EMA) sits at $0.00000095, acting as dynamic resistance. A break above this level could trigger a short-term rally toward $0.0000012, a 50% move from current prices, aligning with the 200-day EMA. Volume remains thin, typical for micro-cap tokens, but a spike in buying volume could confirm the reversal. On the downside, a break below $0.00000075 risks further capitulation to $0.00000050, though low liquidity makes precise targets tricky.
Actionable Insight:
Watch for a daily close above $0.00000095 with increased volume to confirm bullish momentum. Set stop-loss below $0.00000075 to manage downside risk. High volatility expected, so position size cautiously. Use MEXC or other low-liquidity exchanges for real-time data.

Chart Setup:
Timeframe: Daily

Indicators: RSI (14), 50-day EMA, 200-day EMA, Volume

Levels: Support ($0.00000075), Resistance ($0.00000095, $0.0000012)