#CryptoTrading.

📊Technical Analysis (1 hour) $IN /USDT

1. Price and Bollinger Bands: Price reached 0.12037, breaking the upper Bollinger Band (0.12798), which may indicate overbought conditions. The middle line (0.09852) serves as support.

2. Volume: Increasing volume (167 million) confirms the current movement, but a sharp increase may signal a possible correction.

3. MACD: Positive signal (MACD: 0.00228), DIF (0.00854) above DEA (0.00626), indicating a bullish trend, but a divergence may be approaching.

4. Stochastic RSI: High values (98.41/95.56) signal overbought conditions, the risk of pullbacks is over.

5. MA(5) and MA(10): Short-term MA(5) at 141 million crosses MA(10) at 132 million, confirming bullish momentum.

⚠️Conclusion: Price is in overbought zone with signs of possible reversal. Watch for support at 0.09852 and 0.07702 in case of deeper pullback.