Current situation: Price: around $0.00001193, with a 7.42% increase over 24 hours.
Market capitalization: $4.41 - $5.55 billion, ranked 26-28 globally.
Trading volume (24 hours): $1.15 - $1.2 billion, reflecting high liquidity.
Technical indicators: Descending wedge breakout: The price broke through a descending wedge pattern in July, supporting bullish momentum.
RSI (30 minutes): At 70.68, indicating overbought conditions, but without clear divergence.
MACD: Bullish crossover on the 30-minute timeframe, reinforcing the upward trend.
Moving averages: Price above EMA 20 ($0.00001129), with long-term support at EMA 200 ($0.00000986).
Support and resistance levels: Support: $0.00001200, $0.00001130.
Resistance: $0.00001320 - $0.00001350.
Short-term forecasts (next 5 days):
Bullish: If the price maintains the level of $0.00001200, it may test $0.00001350 (an increase of 9-10%), with the potential to reach $0.00001550 if it breaks resistance.
Bearish: A potential drop of 22-23% to $0.0000080 if it fails to maintain support at $0.00001130.
Sentiment: Mixed, with an upward bias (40% bullish, 60% bearish), and the fear and greed index at 60-67 (greed).
Today's updates: Market activity: Increased trading volume reflects a return of interest after a 10% drop last week.
Whale activity: Continued accumulation by whales, with 45.86% of the supply in 15 wallets, reinforcing optimism.
Overall market: Bitcoin at $118,045 (+1.12%) and Ethereum above $4,000, supporting the momentum of altcoins.
Recommendation: Short-term traders: Watch the level of $0.00001350 for a bullish breakout, with a stop-loss set at $0.00001130.
Long-term investors: Holding with an expectation of an increase to $0.000018-$0.000031 by the end of 2025 if community support continues.
Caution: The currency is highly volatile and depends on social sentiment, so avoid investing large amounts.
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