Current price: $1.008
Highest price of the day: $1.014
Lowest price of the day: $0.974
Trading volume in the last 24 hours: approximately $125 million.
Technical Analysis 💹
Key technical indicators:
Relative Strength Index (RSI): 47.47 – shows a neutral condition indicating that the market is not in a state of overbuying or overselling.
MACD Indicator: shows negative signals, as the signal line crosses above on the chart, which could indicate potential selling pressure.
Support and resistance levels:
The main support at $0.995 is considered a critical level, as a break below it is expected to lead to a decline of 8-15%.
The main resistance at $1.05 is expected to lead to a significant price increase if breached.
The general trend is currently in a consolidation phase where sideways movements are expected before a clear direction is taken.
Future forecasts:
Short-term forecasts expect the price to continue moving within a narrow range between $0.995 and $1.05.
Long-term forecasts indicate the price could reach around $8.51 by the end of 2025, but this depends on many factors such as regulatory and technical adoption.
Important tips for traders ⚡
For short-term traders, it is advised to monitor the support level at $0.995 as a break below it is a sell signal.
For long-term investors, it is advised to wait until a clear trend emerges while considering future forecasts indicating growth potential.
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