After conducting a Technical Analysis on the RION Token, it was found that its short-term trend is showing an upward trend. The RSI on the 4-hour chart has risen to 64.9, and the MACD has also turned positive, both indicators suggesting a potential pump.
Currently, the main resistance range for RION is between 0.405 and 0.410. If it can break through this range, the next potential target price could be 0.435. However, investors also need to closely monitor the key support range between 0.386 and 0.390. If the price falls below this range, it may trigger further declines.
Although short-term technical indicators are bullish, the cryptocurrency market is notoriously volatile, and investors should remain cautious when making any decisions. It is recommended to consider more market factors, such as fundamental analysis and overall market sentiment, to formulate a more comprehensive investment strategy. Additionally, setting appropriate stop-loss levels is also an important aspect of risk management.
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WalletDetective
· 09-03 10:41
Sigh, the technical aspect is good but it may not necessarily work.
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LightningClicker
· 09-03 02:25
It's all a trap market; whoever believes it is a fool.
After conducting a Technical Analysis on the RION Token, it was found that its short-term trend is showing an upward trend. The RSI on the 4-hour chart has risen to 64.9, and the MACD has also turned positive, both indicators suggesting a potential pump.
Currently, the main resistance range for RION is between 0.405 and 0.410. If it can break through this range, the next potential target price could be 0.435. However, investors also need to closely monitor the key support range between 0.386 and 0.390. If the price falls below this range, it may trigger further declines.
Although short-term technical indicators are bullish, the cryptocurrency market is notoriously volatile, and investors should remain cautious when making any decisions. It is recommended to consider more market factors, such as fundamental analysis and overall market sentiment, to formulate a more comprehensive investment strategy. Additionally, setting appropriate stop-loss levels is also an important aspect of risk management.