LOKA surges +28% and grabs attention after weeks of silence
The asset bounced from a low of $0.0410, breaking through key short-term EMAs with strong volume — signaling a possible short-term trend reversal.
📊 [Daily Chart – LOKA/USDT]
• Current price: $0.0628 (+28.16%)
• RSI(6): 71.95 → has entered overbought territory
• Volume: spiking — clear sign of strong buying pressure
• EMAs:
↪ EMA7: $0.0557 ✅
↪ EMA25: $0.0552 ✅
↪ EMA99: $0.0759 ❌ (still acting as macro resistance)
The breakout above EMA7 and EMA25 with a strong bullish candle and high volume suggests LOKA may have found a technical bottom. The next challenge: hold the gains and approach the EMA99.
📌 Key levels to watch:
• Immediate resistance: $0.0647 (daily high)
• Major resistance: $0.0759 (EMA99)
• Short-term support: $0.0552 (EMA25) and $0.0518 (previous local high)
🟢 DCA Strategy Outlook:
→ Gradual accumulation may be considered on light pullbacks
→ RSI is high — caution for late entries; waiting for corrections may offer better risk-reward
→ A confirmed breakout above $0.065 could target $0.075–0.08
✍️ Technical Summary:
☑️ Strong reversal from $0.0410
☑️ Short-term EMAs cleared with momentum
⚠️ RSI in overbought zone — potential for near-term pullback
🔸 Volume confirms genuine interest
⏳ Breakout above EMA99 would shift the broader structure
Disclaimer: This is an educational analysis and not financial advice. Always do your own research before investing.
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