Technical analysis and forecasts for the coming hours (4-6 hours):
Major changes since the previous analysis:
Price $0.000000035181 -$0.000000035791| ▲ Change +1.73%.
RSI(14) 49.17 -56.83 ▲ Bullish signal
Current technical analysis:
1. Moving Averages (EMA):
- Price ($0.000000035791) > EMA7 ($0.000000035291)→ Short-term bullish signal.
- Price > EMA25 ($0.000000035316) → Break of previous resistance (Positive development).
- The upward trend in both averages supports continued momentum.
2. RSI Indicator:
- RSI(6): 70.81 → Close to overbought (70+) → Likely slight correction.
- RSI(14): 56.83 → In the neutral zone (50-60) → Moderate positive momentum.
- RSI(24): 53.52 → Confirmation of upward trend.
3. Critical price levels:
- Maximum resistance: $0.000000036266 (Today's high).
- Immediate support: $0.000000035361 (Current low).
- Strong support: $0.000000034500 (Historical buying zone).
Forecasts for the coming hours (4-6 hours):
Most likely scenario (60%): Bullish trend with slight correction
- Reasons:
- Price broke the EMA25 level and rose above the averages.
- RSI(14) improved to positive neutral zone (56.83).
- Current momentum supports testing resistance $0.000000036266.
- **Expected development:**
1. Rise towards $0.000000036000 (4 hours ago).
2. Slight correction due to overbought in RSI(6) (towards $0.000000035500).
3. Testing resistance $0.000000036266 by the end of the period.
Alternative scenario (40%): Retracement to a sideways range
- Conditions:
- Failed to break $0.000000036000 + Volume drop.
- RSI(6) stabilized above 70 (Overbought).
- Target levels:
- $0.000000035361 (Immediate Support) → $0.000000034900 (Strong Support).
🔴Important warnings:
1. Near overbought:
- RSI(6) at 70.81 → Avoid selling at peaks.
2. Limited liquidity:
- Liquidity $1.27M → Potential sharp volatility.
3. Pivot Point:
- Current price close to today's high ($0.000000036266) → Testing this area will determine the trend.
✅ Summary:
> Short-term trend is bullish with the possibility of testing $0.000000036266, but it's advised:
> - Waiting for a slight correction towards $0.000000035500 to buy.
> - Monitor trading volume at resistance ($0.000000036000).
> - Use tight stop-loss due to potential volatility.