$BABY foundation for a new phase - don't miss it.
I will analyze the BABY/USDT chart (4H timeframe) on Binance.
Price overview: Current price 0.10615 USDT, up 20.27% in 24 hours, with a trading volume of 326.64M BABY (32.55M USDT).
The price has broken out from 0.07179 to 0.10615, above the MA(5), MA(10), MA(25), MA(99) lines, confirming a short-term uptrend.
However, the price touched the upper Bollinger Band, signaling an overbought area.
MA lines: MA(5) is 61,368.715, MA(10) is 47,444.247, both trending upwards, supporting the uptrend. MA(5) crossed above MA(10), creating a previous buy signal.
MACD: MACD Line (0.00182) above the 0 line, histogram increasing, indicating strong upward momentum but may weaken if the histogram narrows.
RSI: RSI(6) at 87.54, RSI(12) 81.22, indicating severe overbought conditions, the price may adjust to the support area of 0.095-0.098 (MA(5)).
Volume: Volume increased during the breakout but slightly decreased at the peak, warning of a slowdown in buying pressure.
Assessment: The price may experience a short-term adjustment due to being overbought, with near support at 0.095.
If it breaks out at 0.11192 with high volume, the price could rise to 0.12. Recommended to take partial profits or wait for a correction to buy, and set stop-loss to manage risk.