💡 Quick technical analysis:
✅ Fiery rise! ASR jumped from the $1.13 area to $1.95 in just a few hours, an increase of over +70%, reflecting a strong influx of buying liquidity.
✅ RSI approaching the overbought area at 70.76, but there is still room for additional rise before any potential correction.
✅ MACD in a positive upward crossover! Indicating the continuation of buying momentum, especially with the divergence of the lines.
✅ Very strong trading volumes! Supporting the current price movement and signaling accumulation or continued momentum.
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🚀 Expected scenario:
If the price manages to break the current resistance at $1.95, we may see an extension towards $2.20 or even $2.50 if the momentum continues.
In case of a correction, the areas of $1.60 and $1.44 may form excellent support for re-entry.
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📊 Potential technical model – are we seeing an ascending triangle?
It seems that the price is moving in an ascending range with peaks close to each other and an ascending bottom, which may indicate the formation of an ascending triangle pattern. A breakout above will be a spark for a new upward wave!
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🚨 Supporting signals from the indicators:
RSI close to 70 → there is momentum, but beware of overbought.
Positive MACD → continuation of the upward trend.
Strong trading volumes → a signal to attract new investors.
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🎯 Predictions for the next movement:
First upward target: $2.20
Second upward target (in case of strong breakout): $2.50
Main support area: $1.60 - $1.44
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💬 My personal opinion:
ASR seems to be at a moment of potential price explosion. A strong close on the hourly timeframe may open the way for a very rapid rise.
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✅ Final advice
Use a stop loss below $1.44 to avoid risks.
Monitor the movement of volumes and indicators closely in the coming hours.
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📢 Do you think ASR will exceed $2.00? Or is a correction coming? Share your opinion with us!