$UB Has Broken Out Sharply; Now Testing the Upper Zone!
Strong buying pressure from the bottom on the 4H chart has pushed the price to the 0.133 range.
The 0.1394 level is the first critical resistance in the short term. If this zone is breached, the upward movement may continue. However, the RSI has risen significantly, so there is a risk of sharp volatility.
Support: 0.0948 / 0.0642
Resistance-Target: 0.1394 / 0.1700
Funding (4H): 0.00500%
RSI: 84.68
Funding is in the neutral-positive zone. The key point to watch is the overheated market structure. Therefore, even if it continues higher, a sudden pullback wouldn’t be surprising.
NFA. Do you think #UB will continue here, or will a correction come first?
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