#CryptoTrading.

📊Technical Analysis (1 hour) $IN /USDT

1. Price Action and Trend:

• The chart shows a price increase from around 0.07551 to 0.10248 in recent days. This indicates a strong bullish trend.

• The price has broken the upper Bollinger band (0.10030), which may signal overbought or continued growth.

2. Bollinger Bands (20, 2):

• The price is approaching the upper band (0.10030), which may indicate a possible correction if there is no confirmation of volumes.

3. Moving Averages (MA):

• MA5 (41.518) and MA10 (48.967) show growth, and the price is above these levels, which supports the bullish trend.

4. MACD:

• DIF (0.00289) and DEA (0.00281) are rising, while MACD (0.00008) is positive and approaching the crossover, confirming the bullish momentum.

5. Stochastic RSI:

• The values of 87.12719 and 82.7668 indicate an overbought zone, which may warn of a possible correction.

6. Volumes:

• Volumes (17,450,001) have increased along with the price, which supports the current trend.

⚠️Conclusion: The current trend is bullish, but high values of Stochastic RSI and approaching the upper Bollinger Bands may signal a risk of correction. It is recommended to monitor the volumes and the support level near 0.09767.