Brief Technical Analysis:
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[ This is not an investment advice but an analysis based on what is happening in the market currently and predictions for the coming hours ]
General Trend: Clear upward movement starting from 20.64 reaching a peak at 26.02, then began a downward correction.
Current Price: 24.59.
Nearby Support: 24.16 (Lowest price in the last 24 hours).
Nearby Resistance: 26.02 (Highest price in the last 24 hours).
Buy vs. Sell Volume: Buy 56.71% > Sell 43.29%, indicating a buying trend currently.
Time Indicators: Positive over 30 days (34.30%) and 7 days (19.78%), indicating a continuous upward momentum despite the correction.
What to expect in the coming hours?🤔🤔🫣
If the support at 24.16 holds and buying liquidity remains high, the price may rebound upward to test 25.1 then 26.02.
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If the support at 24.16 is broken, the price may return to the 23.5 - 23.0 area.
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Summary: The trend remains upward in the short term, but the price is currently undergoing a correction. Monitoring the level at 24.16 is very important to determine the next direction.