Attention traders! 🚨 $RPL /USDT is on fire with an impressive bullish rally of +34.32% and hitting highs at $6.70. Watch out for that movement!
The current price at $6.34 shows us that the bull is pushing hard. The 7-day moving average (MA(7)) at $6.38 and the 25-day moving average (MA(25)) at $6.29 are very close, indicating a possible test of these levels. If it holds, we could see more fuel.
The MACD is showing a bullish crossover (DIF: 0.09, DEA: 0.01), which reinforces the buy signal. However, we must be cautious: the 24-hour sell volume is 17.84M, a significant amount, and the distribution of money flow in 1 hour shows us 29.84% of large sell orders, a possible indication that the "big players" are taking profits. Don't get carried away by euphoria!
If it manages to break and consolidate above $6.70, the path could clear for new highs. But if the selling volume persists and the price doesn't hold the moving averages, we could see a pullback. Astute traders will be looking for support at $6.29 or even $5.53 (MA(99)) for possible entries.
Patience is key! Manage your risk well and HODL wisely. The market gives and takes!
