The chart shows a recent surge after rebounding from a low of $0.5881, suggesting increased buyer confidence. With the RSI values near 60, the asset isn’t overbought yet, but it’s approaching key levels of potential profit-taking.
The short-term outlook suggests the possibility of hitting resistance near the previous high of $0.8627. Traders might watch for a breakout above this level or consolidation before the next move.
Make sure to manage risk and plan your entry and exit carefully as crypto markets can be unpredictable.
