Current Price;Price: $0.763 (+15.43% in 24h)
24h High/Low: $0.806 / $0.660
has shown a strong bullish breakout, followed by a pullback and now attempting a rebound.
šTechnical Indicators
1. Bollinger Bands (20, 2):
Upper Band (UP): 0.812
Middle Band (MB): 0.744
Lower Band (DN): 0.676
Price is trading slightly above the middle band ā mild bullish bias. Expansion of bands earlier shows volatility surge, but now starting to stabilize.
2. Moving Averages (MA):
MA(5): ~0.575
MA(10): ~0.325
Short MAs are well below current price, confirming a strong uptrend structure.
Price is also above the 50 EMA support zone (not visible here, but implied from candle structure).
3. RSI (6): 56.9
RSI has cooled down from the overbought zone (>70) after the pullback.
Currently neutral, suggesting room for further upside if momentum resumes.
4. Volume:
A spike in buying volume fueled the breakout to $0.806.
Pullback volume was lower than breakout volume, a bullish sign (buyers still in control).
Key Support & Resistance Levels
Immediate Resistance: $0.775 ā $0.806 (recent high)
Major Resistance: $0.815 (upper Bollinger band)
Immediate Support: $0.744 (middle Bollinger band)
Strong Support: $0.735 ā $0.720 zone
Critical Support: $0.676 (lower Bollinger band)
Pattern & Market Structure
The move resembles a bullish breakout with retracement.
After forming a strong rally, price corrected but didnāt break below middle Bollinger band, showing buyers defending.
Structure is forming a potential bullish flag / consolidation before the next leg up.
Bullish Scenario:
If price holds above $0.744 and volume picks up, BAND could retest $0.775 ā $0.806. A breakout above $0.806 could open the waytoward $0.850+ in the short term.
Bearish Scenario:
If price loses $0.735 support with strong sell volume, BAND may retest $0.676. Losing that could trigger a deeper correction toward $0.62ā0.64.
ā BAND is in a short-term uptrend, currently consolidating after a strong rally.
As long as $0.735ā0.744 holds, bias remains bullish with potential upside retest of $0.806 and higher