#1000SATS🔥🔥🔥🔥
The market shows signs of moderate bullish recovery after a sideways pause.
Technical indicators are trending upwards, although close to overbought zones, suggesting potential for short-term continuation.
The high long/short ratio (3.51) and the stability of open positions support this momentum as long as the price remains above 0.0000450.
Chart (1h)
Current price: 0.0000458 (+1.33%)
Trend: The price has bounced off the EMA38 (0.0000446) and crossed above the EMA19 (0.0000450), signaling a return of buyer pressure.
Signals:
MACD: Slight bullish crossover above 0 → beginning of positive momentum
StochRSI: Around 74, close to the overbought zone
RSI(6): At 65.7, moderately bullish signal but not excessive yet
Order book:
Strong concentration of buy orders between 0.0000450 and 0.0000457 → solid support zone
Immediate resistance around 0.0000460 to 0.0000463
The order book remains balanced, with a slight dominance of demand
Trading data (1h)
Open positions: Stable between 433M and 437M → no signs of disengagement
Long/Short Ratio (Top traders): 3.51 → net majority in long positions, reinforcing the current positive momentum