#CryptoTrading.

📊Technical Analysis (1 hour) $ZORA /USDT

1. Price and Trend: The current price is around 0.09717 USD. The chart shows an uptrend, which confirms the price movement above the moving average (MA) and the rise of the Bollinger Bands (upper band 0.08580, middle 0.06976, lower 0.05372). This is about the strength of the bullish market.

2. Moving Averages (MA): MA(5) at 569 909 129.7999 and MA(10) at 724 222 606.7000 indicate a short-term uptrend, after which the price moves above these levels.

3. Volume: Trading volume 751 203 128.0000, which supports the upward movement, especially with a noticeable spike in the middle of the chart.

4. MACD: DIF (0.00681) and DEA (0.00700) with MACD at -0.00020 show a weak bullish shift, but approaching the crossover point, which may signal a possible correction.

5. Stochastic RSI: The value of 20.11504 (MA Stochastic RSI 17.36174) indicates that the asset is in the overbought zone, which may exceed the correction or consolidation.

6. Open Interest (OI): OI at 224M with a net change of 17.3M indicates an increase in trader interest, which supports the upward movement.

⚠️Conclusion: The current trend is up, but Stochastic RSI and MACD hint at a possible correction in the near future. It is recommended to monitor the support level around 0.05686 and the support at 0.08580 (upper Bollinger band).