#CryptoTrading. #Signal🚥.

Technical analysis for $BID /USDT (timeframe 1 day)

📊 General situation

• Price: $0.12705 (growth of +10.54% per day).

• Volume (24h): BID — $351.28M, USDT — $42.92M — volumes are significant, interest in the asset is high.

• Daily high/low: $0.13285 / $0.11263.

📈 Price indicators

• MA(5) (yellow): Sharp upward slope — short-term uptrend.

• MA(10) (purple): Started to pull up — confirmation of the medium-term trend.

• Price is higher than both MAs → bullish signal.

• Bollinger Bands (20.2): Price has exceeded the upper limit and turned inside — possible local cooling after overheating.

🔄 Oscillators

• Stoch RSI: ~77 — in the overbought zone, potential correction.

• MA Stoch RSI: ~74 — similar situation, pressure on profit taking.

📦 Volumes

• Volumes are growing along with the price — confirmation of the strength of the trend.

• There are volume spikes — likely institutional buying.

📉 Open Interest

• O.I.: 66.8M, which is above average.

• O.I. is falling — possible closing of short positions (short squeeze).

🧭 Conclusion

• Short-term trend: Upward, with potential for correction due to overbought.

• Support: ~$0.10 (previous consolidation level).

• Resistance: ~$0.14 (last top).

⚠️What to watch next:

• If the price consolidates above $0.127 — continued growth to $0.14–0.15.

• If there is a breakdown below $0.11 — the risk of a deeper correction.