The current price is 0.00579 USDT, driven by a recent rebound. Over the past 24 hours, the token has risen by 44%, indicating extremely high volatility.



Technical Analysis Summary

The RSI indicator is currently 87.8 on the 4-hour timeframe and 70.5 on the daily timeframe. These values are in the overbought zone and provide pullback signals. The CCI and Williams indicator percentage ranges are also in the overbought zone. MACD shows a bearish divergence, warning of a near-term correction.

The mid-term trend is bullish, as the price is above the 20-day moving average and has broken through the upper Bollinger Band. The SAR indicator is also confirming the upward trend. However, trading volume is concerning, because the 24-hour volume is below the 7-day average.

Key Support Levels

SL1 0.00540 is direct support, the current consolidation area. SL2 0.00500 is the psychological level, and also the previous resistance turned support. SL3 0.00460 is the main support level, where the 20-day moving average sits, and strong buying interest is expected.

Key Resistance Levels

R1 0.00600 is direct resistance, at the round number. R2 0.00650 is the next major resistance level, where the prior supply zone is located. R3 0.00700 is an extension target if momentum continues.

Trading Strategy
View Original
post-image
[The user has shared his/her trading data. Go to the App to view more.]
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned