Quick Tip: - For short-term traders: You can take advantage of the current momentum, but be cautious due to the high RSI index.
- For investors: Wait for a better entry opportunity at strong support levels.
Recent Performance:
- Current Price: 0.000805 USDT (up +64.62%!)
- Trading Volume (24 hours): 40.38B LEVER, indicating high trading activity and significant interest in the currency.
- Maximum Resistance: 0.000890 USDT, which is a key level; if the price surpasses it, it may continue to rise.
Technical Indicators:
- Moving Averages:
- The 7-day moving average is above the 25 and 99-day averages, indicating strong upward momentum.
- RSI(6): 75.76 (in the overbought region, which may lead to a short-term correction).
- Positive MACD, supporting the continuation of the upward trend.
Forecast:
- If the momentum continues, the price may target 0.0010 USDT as a psychological target.
- If a correction occurs, the price may retreat to support areas at 0.000725 or 0.000632 before possibly bouncing back again.
Note: This analysis is not financial advice, and you should always conduct your own research before making any trading decision.
