🔻Current price around: $0.006854
With a 24-hour trading volume of $63,450,000
The price has increased by 2.61% in the last 24 hours, with a market cap of approximately $71,237,616 and a circulating supply of 10 billion coins.
🔻Technical Analysis:
Current trend: short-term bullish: the price is trading above the exponential moving averages (EMA 20 and EMA 50) reflecting buying momentum.
Increase of 1.9% - 7.05% over 24 hours, with trading volume increasing by up to 851.9% in some markets.
🔻Technical Indicators:
Relative Strength Index (RSI): at 55.83 - 64, in the positive zone but close to overbought, indicating a slight correction possibility if it approaches 70.
Bull Bear Power: shows strong bullish momentum with the highest green bar this year supporting continued rise.
AO: in the positive zone supporting the uptrend.
Bollinger Bands: the price is above the simple moving average (SMA), but close to the upper range ($0.00774), which may indicate selling pressure if resistance is not broken.
🔻Support and Resistance Levels:
Support: between $0.00615 - $0.006435. If the price falls below this level, it may reach $0.00526 or lower.
Resistance: $0.00746 - $0.00774. Breaking these levels may push the price towards $0.024 or even $0.030 in the short term.
🔻Forecasts🔥:
Short-term: bullish if buying momentum and high trading volume continue, the price may reach $0.024 or $0.030
Bearish: if profit-taking or buying saturation occurs, the price may retreat to $0.00615 or $0.00526
🔻Recommendations:
Buy: between $0.0065-$0.0068 is considered a good entry point as it is near the main support at $0.00615
Sell/Taking profits: first target $0.00746 second target $0.00774 expecting significant gains
Risk Management: set stop-loss orders at $0.00615 to reduce risk in case of correction.
