Crypto Traders Meeting 📊 Live Cryptocurrency Market 📈 Professional Technical Analysis 🔎
Current Price: 11.015$
Highest Price in 24 Hours: 11.233$
Lowest Price in 24 Hours: 10.381$
Technical Indicators:
Moving Averages:
MA(7) at 10.868$ (the price is above it now, a slight signal of a bullish momentum beginning).
MA(25) at 11.173$ (the price is slightly below it, can be considered current resistance).
MA(99) at 12.207$ (a bit far, medium-term resistance).
MACD Indicator:
Started giving slight positive signals (DIF above DEA for the first time after a while, with a slight positive value of 0.084).
If it continues, we might see stronger momentum coming.
RSI Indicator:
RSI(6) at 51.83, meaning in a neutral zone, neither overbought nor oversold.
RSI(14) and (24) are low (around 41), indicating that there is still an opportunity for an upward movement if new momentum enters.
---
Technical Summary:
General Trend: The price is currently trying to break a resistance area at 11.17$ (MA25).
Strong Support: Close to the 10.70$ - 10.38$ area (24-hour low).
If the price breaks the level of 11.23$ (highest price in 24 hours), it will confirm the bullish momentum, and the next target might be around 11.80$ then 12.20$.
However, if it fails and breaks below 10.70$, it might return to test the low of 10.38$ again.