#CryptoTrading.

📊Technical Analysis (1 hour) $M /USDT

1. Price and Trend:

• The price recently rose to 0.4453, which is a local high. The chart shows a correction after the previous increase, but now there is a recovery (increasing candles).

• Bollinger Bands (20, 2) show that the price is approaching the upper limit (UP: 0.4455), which may signal overbought or a possible correction.

2. Moving Averages (MA):

• MA(5): 1.303 million and MA(10): 1.139 million for volume indicate increasing activity. There is no MA for the price, but the trend line (yellow) indicates a downtrend that may change sideways or upward.

3. Volume:

• Volume has increased to 1.791 million, which supports the current price increase. Increasing volume usually confirms the strength of the movement.

4. MACD:

• DIF (0.0066) and DEA (0.0040) are approaching, while MACD (0.0026) is positive, indicating a weak upward momentum. Continued growth is possible if MACD increases.

5. Stochastic RSI:

• STOCHRSI (89.4626) and MASTOCHRSI (87.1274) values are high, indicating an overbought zone. This may signal a possible correction in the near future.

6. Open Interest (OI) and Net Volume (NV):

• OI: 17.3M and NV: 7.57M show an increase in open positions and net volume, which supports the bullish sentiment.

⚠️Conclusion: The current situation indicates a short-term growth with signs of overbought. It is recommended to monitor the resistance level near 0.4455 (upper Bollinger Band) and a possible reversal if the Stochastic RSI breaks out of the overbought zone.