đ Trend Overview:
Current Price:Â ~$88,540
Recent Trend:Â Strong bullish move from ~$84,000 to $88,500+
Breakout Zone:Â Breakout occurred around the $85,000 level with significant volume increase.
đ Moving Averages:
MA 7 (Yellow):Â $88,291 â showing strong upward momentum.
MA 25 (Pink):Â $87,657 â lagging behind, confirming the uptrend.
MA 99 (Blue):Â $85,750 â acting as a long-term support.
đ Volume Analysis:
Noticeable volume spike during the breakout around the 21st, confirming buying pressure.
Green volume bars dominate recently, suggesting bullish sentiment.
â Â Conclusion:
Bullish momentum is strong, especially with moving averages aligned for an uptrend.
Price is holding above all key MAs, indicating strong support below.
Short-term resistance likely around $89,000 area; watch for volume confirmation for the next breakout.
