$ATH Perpetual Technical Analysis Update
The hourly chart for ATH/USDT is signaling a significant shift in momentum with the price currently at $0.05235 (+3.54\% in 24h).
Key Indicators:
MACD Bullish Crossover: The momentum indicator (MACD) shows a confirmed bullish crossover. The DIF line ($0.00011) has crossed above the DEA line (−0.00007), resulting in a positive MACD reading (0.00018). This suggests increasing bullish pressure.
MA Alignment: The short-term Moving Average MA(7) at $0.05178 is now positioned above both the MA(25) and MA(99), reflecting a strengthening short-term trend following the low of 0.04945.
Outlook: Traders should monitor the previous swing high of $0.05453 as the immediate resistance target. The confluence of the MACD cross and MA alignment suggests a potential continuation of the upward price move.
