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Silver Token $XAG has been showing quite an interesting trend recently. On the daily chart, the bullish pattern is solid, and the price has already broken above the moving average system. It recently surpassed the $92 mark, a key psychological level, and was continuing to rise in the early session.
But there are some nuances. The RSI indicator has already surged to 74.77, entering the overbought zone. Although the MACD red histogram is still releasing energy, indicating that the upward momentum hasn't fully exhausted, the problem is—under overbought conditions, the risk of a pullback is clearly increasing. This is why blindly chasing the top is not advisable.
From a technical perspective, short-term support is around $91.00-$90.45. If it drops there, don't panic; resistance above is at $94.60-$95.81. Breaking through this level could make $100 a real possibility. However, it’s common to see a pullback after a sharp rise in overbought conditions, so caution is necessary.
Personal advice? Use low leverage and hold larger positions for more stability. A big rally is always good, but don’t be greedy and chase the top. With proper risk management, the opportunities ahead are the real opportunities.