#CryptoTrading.

📊Technical analysis (1 hour) $CYBER /USDT

1. Price Action and Trend: The price has recently broken above the 50-period moving average (yellow line) and is approaching the upper Bollinger Band (UP: 2.808). This suggests a potential bullish momentum, especially with the sharp upward movement in the last few candles.

2. Moving Averages: The 5-period MA (4,751,330.079) and 10-period MA (2,972,909.590) are trending upward, supporting the bullish outlook. The price is currently above both MAs, indicating short-term strength.

3. Bollinger Bands: The price is nearing the upper band (2.808), which could signal overbought conditions. A reversal or consolidation might occur if it fails to break through.

4. MACD: The MACD line (0.088) is above the signal line (0.055), with a positive histogram (0.034), indicating bullish momentum. However, the gap is narrowing, suggesting a potential slowdown.

5. Stochastic RSI: Both STOCHRSI (97.487) and MASTOCHRSI (99.162) are in overbought territory (>80), hinting at a possible pullback or consolidation soon.

6. Volume: Trading volume (3,753,750) has increased, supporting the recent price surge. The OBV (On-Balance Volume) is also rising, confirming buying pressure.

7. Support and Resistance: Immediate support is around 2.347 (recent low), with resistance near 2.808 (upper Bollinger Band). A break above 2.808 could target higher levels.

⚠️Conclusion: The short-term trend is bullish, but overbought indicators (Stochastic RSI) suggest caution. Watch for a potential pullback to the 50-period MA (around 2.541) or a breakout above 2.808 for further upside.