Support Levels:
$45 ,$46.00 ,$47.40
48.50 – First significant obstacle after the breakout; initial zone where sellers may appear.
$50.50 – Key psychological round-number level often watched by traders.
$54.00 – Major resistance from past price structure; strong historical selling pressure likely.
The MACD on the 4-hour chart indicates a mild bullish momentum with the MACD line slightly above the signal line, suggesting moderate buying pressure but no strong trend acceleration yet.
The RSI is hovering near the mid-level, around 50-57, indicating neither overbought nor oversold conditions, which aligns with the current consolidation and potential for moderate upward continuation.