$JELLYJELLY A currency with strong upward momentum and good trading opportunities, but caution is advised due to the possibility of a correction.
- It is recommended to place a stop-loss below the level of 0.01394 and monitor trading volume for any sudden changes.
- The current price is not clearly defined, but the fair price is 63.27% higher than the market, indicating potential for strong upward movement.
- The daily trading volume is very high at 297.92 million, indicating significant interest in speculation and high liquidity.
Technical Indicators:
- The short-term moving averages (7 and 25 days) are stable at the same level (0.02284), while the long-term average (99 days) is much lower (0.01469), confirming the strong upward trend.
- The Relative Strength Index (RSI) is at 60.48, close to the overbought area but has not reached it yet, indicating that the upward momentum may continue.
- The MACD is negative, but the difference between the DIF and DEA lines is small, which may indicate an upcoming reversal in direction.
Key Levels:
- Resistance: 0.02934 (highest price in 24 hours).
- Support: 0.01394 (lowest price in 24 hours).
Forecasts and Strategies:
- Speculators: Buying can be considered upon breaking the level of 0.02338 (fair price) with a target of reaching 0.02934.
- Conservative investors: Wait until a MACD reversal is confirmed or the support at 0.01394 is tested before entering.
- Warning: The RSI is close to the overbought area (70), which may lead to a short-term correction.
