koinmilyoner
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Bullish
$DATA /USDT 1D Technical Analysis
Status: First Signs of Life — But Still Needs Confirmation
🔍 Quick Overview:
DATA has been in a prolonged downtrend since its peak earlier this year, but today's +16.74% daily candle hints at a possible trend reversal attempt.
This move comes right as price reclaims all 3 key moving averages (MA 7, 25, 99) — a technical milestone that hasn’t occurred in months.
📈 Bullish Signals:
Strong breakout candle with rising volume
Price is now above the 99-day MA ($0.0162), a potential shift in long-term momentum
Moving averages could flip bullish if momentum sustains over the coming week
🎯 Upside Targets:
Target 1: $0.0185 – Minor local resistance from May
Target 2: $0.0210 – March swing high and strong resistance
Target 3: $0.0250 – Structure-based level from February breakdown
⚠️ Risk Zones:
If price fails to hold above $0.0140–$0.0135, this breakout could be a fakeout.
Rejection from $0.0165–$0.0170 would show sellers still in control.
🧠 Conclusion:
DATA/USDT just broke out of a long downtrend channel. This could be the start of a bigger rally, but the next few candles must confirm the breakout with follow-through and volume. Until then, it’s early-stage bullish speculation — proceed with caution, but stay alert.
⚠️ DYOR – Do Your Own Research. This is not financial advice. Markets can be volatile — always trade responsibly!
Status: First Signs of Life — But Still Needs Confirmation
🔍 Quick Overview:
DATA has been in a prolonged downtrend since its peak earlier this year, but today's +16.74% daily candle hints at a possible trend reversal attempt.
This move comes right as price reclaims all 3 key moving averages (MA 7, 25, 99) — a technical milestone that hasn’t occurred in months.
📈 Bullish Signals:
Strong breakout candle with rising volume
Price is now above the 99-day MA ($0.0162), a potential shift in long-term momentum
Moving averages could flip bullish if momentum sustains over the coming week
🎯 Upside Targets:
Target 1: $0.0185 – Minor local resistance from May
Target 2: $0.0210 – March swing high and strong resistance
Target 3: $0.0250 – Structure-based level from February breakdown
⚠️ Risk Zones:
If price fails to hold above $0.0140–$0.0135, this breakout could be a fakeout.
Rejection from $0.0165–$0.0170 would show sellers still in control.
🧠 Conclusion:
DATA/USDT just broke out of a long downtrend channel. This could be the start of a bigger rally, but the next few candles must confirm the breakout with follow-through and volume. Until then, it’s early-stage bullish speculation — proceed with caution, but stay alert.
⚠️ DYOR – Do Your Own Research. This is not financial advice. Markets can be volatile — always trade responsibly!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.