Technical Analysis Report for $DATA /USDT (15-Minute Timeframe)
The $DATA /USDT pair is currently trading at $0.01871, reflecting a +23.25% gain in the past 24 hours, indicating strong bullish momentum. The price surged from a 24h low of $0.01406 to a high of $0.01988, showcasing strong volatility and demand. The chart displays a clear bullish trend with a series of higher highs and higher lows, confirming upward price strength. The short-term moving average (yellow line) is acting as dynamic support, closely hugging the candles and guiding the trend upward.
From a technical setup perspective, the coin experienced a sharp breakout from consolidation near $0.0155, followed by a rally and brief correction, forming a bullish flag/pennant structure. The recent bounce near $0.01818 confirms support in that zone, indicating strong buying interest. A potential long entry can be considered on a breakout above $0.01920–$0.01940 with a target towards $0.02010 and further at $0.02150, assuming volume confirms the breakout. A stop-loss below $0.01780 will manage risk, just under the local support zone.
This trade is effective due to the combination of momentum, trend structure, and volume confirmation. The consolidation above the moving average after a strong impulse move suggests bullish continuation. The risk-to-reward ratio is favorable, and a tight stop-loss helps control downside exposure, making this a technically sound setup for intraday or short-term swing traders.
