Entangle (NTGL) is currently trading at $0.00042032, reflecting an 8.08% decline over the last 24 hours. The price has experienced significant volatility, with a daily high of $0.00052205 and a low of $0.00033623, indicating a daily range of 0.00018582, which suggests a market struggling for direction.

Volume stands at 16,014.4, representing only 0.01% of the market cap, indicating low trading activity relative to its size. The short-term moving averages, including the 8 SMA at $0.0005 and the 21 SMA at $0.0005, all show declines between 6.73% and 11.04%, confirming bearish momentum in the immediate term.

The Relative Strength Index (RSI) is at 47 for the hour, while the 7-day RSI is lower at 41, indicating that NTGL is nearing oversold territory. Moreover, the drastic price changes over longer periods—down 59.77% over the last week and a staggering 98.75% over the last month—reflect a significant downtrend in investor sentiment.

Given that the all-time high was at $2.82, the current price represents a dramatic drop, suggesting that while the asset has potential for recovery, it is currently far from its peak. However, the lack of positive momentum in both short and long-term indicators supports a bearish outlook.

Considering the current analysis of market conditions, price trends, and volume data, the recommendation is to Hold. The asset’s recent performance and low trading volume indicate that caution is warranted, but it may be positioned for potential upside if market conditions improve.