The Relative Strength Index (RSI) for $LA has risen to 50.64, exiting the oversold zone, and the MACD histogram has become positive for the first time since July 25 (+0.0046). The price ($0.358) is holding above the 30-day moving average ($0.350).
Traders may see this as a signal of a potential uptrend, especially after a price drop of 33% over the past 60 days. However, resistance at the 7-day moving average ($0.364) and the 38.2% Fibonacci level ($0.399) may limit further growth without increased trading volumes.
Technical analysis shows that the price is above the 30-day simple moving average (SMA) at $0.35 but below the 7-day SMA ($0.36). The Relative Strength Index (RSI) is at 50.64, indicating a neutral momentum — some traders may see this as an opportunity to buy after recent declines. The MACD histogram is positive, suggesting a short-term bullish sentiment.
It is also important to consider the overall market situation. The total cryptocurrency market capitalization has increased by 4.72% in the last 24 hours, so part of the rise of $LA may be related to the overall market uptrend. However, the rise of LA by 3.67% slightly lags behind the market, indicating the presence of specific factors#la #lagrange @Lagrange Official