Current price is 0.0240222 USDT.
The price recently recovered from a local low of 0.0228203 USDT.
Resistance is noted at 0.0247197 USDT, where price struggled to break upward.
Moving Averages:
The MA(7) (yellow line) is trending slightly upward and near the price, indicating short-term bullish momentum.
The MA(25) (pink line) and MA(99) (purple line) are above the price, acting as resistance levels.
The price crossing above MA(7) and testing higher MAs signals a potential reversal attempt.
3. Volume:
Volume spikes indicate increased activity. A green spike suggests buyers are entering.
The volume bar is moderate, not extreme, signaling indecision.
4. Candlestick Analysis:
The recent green candles suggest buying interest at lower levels.
However, a bearish rejection wick near 0.0241 USDT shows resistance remains strong.
---
Expected Market Move:
If the price sustains above 0.0240 USDT, it could challenge 0.0247 USDT (resistance). A breakout may lead to higher bullish momentum.
If price fails to hold 0.0240 USDT, a pullback toward 0.0234 USDT or lower (support area) is likely.
Watch for increased volume and the MA(7) crossing higher MAs to confirm a stronger upward trend.
Overall, the market shows a neutral to slightly bullish bias, but breaking above key resistance is critical for continued upside momentum.