#CryptoTrading. #TechnicalAnalysiss
šTechnical Analysis (1 hour) $YALA /USDT
1. Price and Trend: The current price of 0.1330 (+17.28%) indicates a strong increase over the past 24 hours. The chart shows an uptrend, confirmed by the price rising above the moving averages (MA5: 0.9652, MA10: 0.7231).
2. Bollinger Bands (BOLL): The price is approaching the upper limit (0.1296), which may signal overbought conditions. The middle line (0.1196) serves as support.
3. MACD: A positive value (0.0011) with a growing difference between the DEA (0.0027) and MACD (0.0011) lines confirms the upward momentum.
4. RSI and Stochastic RSI: RSI at 88.5348 and Stochastic RSI (78.3972) are in the overbought zone (>70), which may indicate a possible correction.
5. Volume: Increasing volume (18.561 million) accompanies the rally, which reinforces the strength of the trend.
ā ļøConclusion: The current trend is up, but high RSI and Stochastic RSI values āāhint at the risk of a correction. It is recommended to watch the support level near 0.1196 (BOLL average) and the upper limit of BOLL (0.1296) for a potential reversal.