At a critical point, where it could witness a strong rise if it surpasses the level of 2.2512, or a drop if it breaks the level of 2.1166. It is advised to monitor price movements and impactful news such as developments in the Ripple case with the SEC.
Current performance:
- Current price: 2.2174 USDT
- 24-hour change: decrease of 0.30%
- Highest price in 24 hours: 2.2512 USDT
- Lowest price in 24 hours: 2.1166 USDT
Technical indicators:
- 7-day moving average: 2.1828 (short-term positive signal)
- 25-day moving average: 2.1931 (balance between buyers and sellers)
- 99-day moving average: 2.1517 (strong long-term support)
- RSI: 76.62 (in overbought territory, potential correction)
- MACD: mixed signals with a divergence between the lines
Key levels:
- Main resistance: 2.2512 (breaking it could lead to a strong rise)
- Main support: 2.1166 (breaking it could lead to a sharp drop)
Forecasts and strategies:
- For buyers: wait for a breakout above the level of 2.2512 with confirmation of increased trading volume.
- For sellers: monitor opportunities at overbought levels to enter short-term sell positions.
- Warning: prices are volatile, so it is advised to use stop-loss orders around the level of 2.1166.
Remember that this analysis is not financial advice, and conduct your own research before making any trading decisions.
