Attention traders! 🚨 The token $DATA /USDT is making waves, with an impressive bullish rally that has brought it to $0.01538. An +11.27% in the last 24 hours is no small feat!
We see how the price has broken strongly above its moving averages of 7, 25, and 99 periods, which is a clear bullish signal. The MA(7) at $0.01428 and the MA(25) at $0.01394 are well below the current price, confirming the momentum. The volume has exploded, which is great!
However, one must be cautious of market manipulation. 😈 Such sudden moves with unexpected volume are sometimes orchestrated. Right now, the price is near its 24-hour high and we see a significant sell wall at $0.01495 and $0.0150. Breaking that resistance decisively will be key to continuing the "rally" towards new highs.
If the price fails to hold above $0.01428 (MA(7)), we could see a "pullback" seeking support at the levels of $0.01394 (MA(25)) or even down to the 24-hour low at $0.01293. Patience is key!
DATA "HODLers" have had a good week, but "traders" attentive to price action will look for confirmation of a breakout or a safer entry zone if there is a retracement. Always managing risk, as the market does not forgive! 📈
