Currency $CYBER is holding near a significant resistance — Is it time for a price explosion?
Current price: $1.487
Daily change percentage: +7.13%
Highest price in 24 hours: $1.488
Lowest price: $1.387
Technical indicators:
Bollinger Bands:
The price is moving towards the upper band, indicating a return of positive momentum. A clear breakout may open the door for new highs.
Moving Averages MA(5) and MA(10):
The candles have started trading above the two moving averages, reflecting a gradual return to the upward trend, with a possibility of a positive crossover.
RSI (6):
It records 62.69, which is a positive area but not yet saturated, indicating room for upward movement without saturation.
MACD:
A positive crossover is forming with weak selling momentum, which is an encouraging signal for the possibility of starting a new upward wave.
Trading strategy: "Smart Breakout"
Entry area:
Between $1.46 - $1.49 after confirming stability above the 5-day moving average.
Stop-loss area:
Below $1.39 in case of a failed breakout to reduce risks.
Profit targets:
First target: $1.60
Second target: $1.75
Third target (expanded): $1.92
Do you think CYBER will succeed in breaking the current resistance and achieve a new upward wave? Or is the current movement just a temporary rebound? Share your predictions in the comments!