1. Price trend:
Current Price: 135.01 USDT, up +4.85% in the last 24 hours.
24h high: 139.33 USDT.
24h Low: 125.86 USDT.
The price is fluctuating between 125.86 USDT and 139.33 USDT, showing strong volatility in the short term.
2. Bollinger Bands (BOLL):
Upper Band (UP): 138.24 USDT.
Mid Band (MB): 131.80 USDT.
Lower band (DN): 125.36 USDT.
Price has broken out of the middle line of the Bollinger Bands and is currently near the upper band, indicating that bullish momentum is dominant.
However, the gap between the upper and lower bands is widening, signaling high volatility.
3. RSI (Relative Strength Index):
RSI(7): 61.94, in neutral zone but tends to approach overbought zone (>70).
If RSI continues to rise and exceeds 70, a slight downside correction may occur.
4. MACD (Moving Average Convergence Divergence):
MACD(12,26,9): 0.33, MACD line is above signal line, signaling uptrend.
Histogram is green and positive, showing that bullish momentum is still there.
5. Trading volume (Volume):
Volume has increased recently, especially during the price increase from the 125.86 USDT to 139.33 USDT area.
This shows strong market interest in the uptrend.
6. Support and resistance levels:
Nearest support: 130.65 USDT (Bollinger Bands middle line).
Important support: 125.86 USDT (recent low).
Nearest resistance: 139.33 USDT (24h high).
Strong resistance: 140.00 USDT (psychological zone).
7. Conclusion:
General trend: Up but showing signs of slowing down near resistance.
If the price holds above 131.80 USDT, the uptrend continues.
RSI and MACD give optimistic signals, but be careful when the price approaches the 139-140 USDT zone, a correction may appear.
