$DIA Price Alert โ Clinging to Key Support, Eyes on the Next Break!๐ฅ๐๐๐
Pair: DIA/USDT
Timeframes Analyzed: 1H & 1D
Current Price: $0.358
1H Chart Analysis๐
๐DIA has shown a gradual recovery from the local low at $0.34, printing higher lows and stabilizing just above the 50 EMA. However, price is struggling to clear the key resistance cluster near $0.362โ$0.375, where the 200 EMA and bearish OB overlap.
EMA Dynamics: Price is now sandwiched between the 50 EMA (green) support at $0.355 and the 200 EMA resistance at $0.362.
Stochastic RSI: Cooling off from the overbought zone (~70), indicating a possible short-term consolidation or rejection.
1D Chart Analysis๐
๐On the higher timeframe, $DIA remains in a downtrend. The recent bounce from the demand zone around $0.33โ$0.35 is notable, but the market structure remains bearish unless we break above $0.407โ$0.455 resistance.
EMA Stack: All EMAs are above the price, capping upward momentum.
Stochastic RSI: Showing bullish divergence from oversold territoryโpotential early sign of strength building.
Key Levels to Watch๐๐
Support Zones: $0.355 / $0.335 / $0.310
Resistance Zones: $0.362 / $0.375 / $0.407
Breakout Confirmation: 1H close above $0.375 with volume could signal a bullish reversal attempt.
Pro Tip:๐งโ๐ซ
Watch for a clean break above the 1H resistance band at $0.375 for a scalp long. However, failure to break and close above might invite more selling pressure, targeting the lower blue demand zone.
Takeaway:๐จโ๐ซ
$DIA is currently battling at the EMA resistance cluster. Short-term scalpers can look for breakout plays above $0.375, while swing traders might wait for a 1D reversal confirmation above $0.407.
๐จโโค๏ธโ๐จ"Be patient. The market rewards discipline, not impulse."
Disclaimer: โ ๏ธ
This is not financial advice. Always DYOR and manage risk accordingly.
