📊 General overview:
Price: ~107,457 USDT.
Timeframe: 1H (hourly).
Recent minimum: around 98,000.
Recent maximum: ~110,000–112,000.
📈 Technical analysis:
1. Formation 'double bottom' (W-shaped formation)
The chart shows a clear drop to the area of ~98,000 followed by a rise and a retest of approximately the same level.
This may indicate a trend reversal upwards, especially with the current breakout above local highs between the 'double bottom'.
2. Local resistance:
The area ~107,500–108,000 currently acts as a resistance level.
It is visible that the price tried to consolidate above, but is still fluctuating at the boundary.
3. Support:
The nearest confident support zone — ~105,000 and below — 102,500.
If the market cannot break 108,000, a pullback is likely back there.
4. Volumes:
There is an increase in volumes around the last rise — this is a positive signal.
An increase in volume during growth usually indicates buyer interest.
🔮 Short-term forecast (1H):
If there is a breakout and consolidation above 108,000, the way will open to the level of 110,000 and above.
If the price cannot pass 108,000 — a pullback to 105,000 or even 102,5500 is possible.
Current moment — retest phase of the resistance zone, an important time for observation.
🔍 What can be done:
For trading: wait for confirmation of a breakout or pullback from the level.
For investors: short-term volatility, but the trend of recent days is upward.
