$1000SATS
The market shows signs of moderate bullish recovery after a stabilization phase.
The technical indicators are aligned upwards, although some are close to overbought areas.
The long/short ratio and the stability of open positions support a potential bullish continuation, as long as the price remains above 0.0000500.
Chart (1h)
Current Price: 0.0000523 (+10.81 %)
Trend: The price has bounced off the EMA38 (0.0000485) and crossed above the EMA19 (0.0000494).
Signals:
MACD: Slight bullish cross confirmed → emerging positive momentum.
StochRSI: At ~58, intermediate signal (not yet overbought).
RSI(6): At 80.8, indicating an overbought situation → possible slowdown or slight stabilization expected.
Order Book:
Strong concentration of buy orders around 0.0000515 - 0.0000520, marking solid support.
Visible resistance zone around 0.0000530 to 0.0000540.
Trading Data (1h):
Open Positions: Slightly down but still high (~428M to 433M).
Long/Short Ratio (Top Traders): 3.74 → strong majority in long positions, reflecting persistent bullish confidence.
