Current Price: $0.6686
Trend: On the 4-hour chart, the price is showing a bullish trend. It's above short-term moving averages (MA7, MA25), and it has crossed the long-term MA99, which is a bullish signal.
RSI is near the overbought zone but not too extreme.
Stochastic RSI is signaling a potential pullback due to being overbought.
Volume: Recent trading volumes have increased, indicating strong buying activity.
The price might move up towards $0.70 or higher.
If momentum continues, it may retest the resistance level near $0.7271.
Bearish Scenario (Short-term pullback):
Due to overbought signals, a retracement may happen.
Key support levels to watch are $0.6170 and $0.5846.
The trend remains bullish, but a short-term correction (down to $0.62-$0.59) is possible before further upside.
If volume continues to rise, long-term potential for breakout above $0.7271 is strong.
Recommendation
For Short-term Traders: Look for buy-in opportunities near $0.62–$0.59 with tight stop-losses, as a pullback might occur.
For Long-term Holders: Hold your position, as the trend suggests a potential breakout towards $0.70+.
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