C/USDT on the 1-hour timeframe,
short-term analysis:
📈 Bias: BULLISH (Short-Term)
🔍 Key Technical Reasons:
1. Price Above MA(7), MA(25), MA(99):
The price is trading well above all major moving averages, especially the short-term MA(7) and MA(25), indicating strong bullish momentum.
2. Higher Highs and Higher Lows:
The candles show a clear pattern of higher highs and higher lows—classic uptrend behavior.
3. Strong RSI (64.27):
RSI is rising but not yet overbought, leaving room for further upside before any serious reversal pressure.
4. MACD Bullish Crossover:
MACD is in positive territory with the MACD line above the signal line, signaling upward momentum.
5. Volume Increasing on Green Candles:
Higher volume on bullish candles suggests real buying pressure and not just a weak pump.
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⚠️ Watch For:
Resistance Zone: $0.4750 (recent high)
A breakout above this could trigger another leg up.
Support Zone: $0.4250 (MA7)
Losing this could weaken the bullish case in the short term.
✅ Conclusion:
Momentum is currently bullish with strong technical confirmation. If it holds above $0.4250 and breaks $0.4750, more upside is likely. A short-term pullback is possible, but the overall trend remains intact for now.
Let me know if you want analysis for a different timeframe or token.