The price is currently $11.18 after fluctuating in recent days. The general trend on the 4-hour timeframe is a moderate rise with some short corrections.
Key Support:
$11.00 protects the price from immediate decline and breaking $10.80 could lead to a deeper correction.
Nearby Resistance:
$11.40 is a level needed for the price to test buying strength, and $11.70 – $11.80 is a potential target if the rise continues.
Technical Indicators:
RSI ≈ 55 the market is balanced with no overbought or oversold conditions.
The 20 and 50 moving averages on the 4-hour timeframe indicate a moderate upward trend.
Trading volume is stable with some increases during speculative sessions.
In summary, the price is currently consolidating near $11.18 with clear support at $11.00, and breaking the resistance at $11.40 – $11.70 could initiate a short-term upward wave, while breaking the support at $11.00 could lead to a correction towards $10.80 or lower.
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