๐ T/USDT Technical Outlook โ Strong Short-Term Momentum Building?
๐ฅ Current Price: $0.01790 (+27.49%)
๐ข Weekly Surge: +21.12%
๐ป Long-Term Decline: 180D: -44.23% | 1Y: -37.90%
๐ฏ๏ธ Candlestick Analysis:
This week's candle shows a bullish recovery from the recent bottom ($0.01167), with strong buying pressure driving price back above key short-term resistance. The long lower wicks on previous candles signal accumulation and rejection of lower prices.
๐ EMA Trend Insight:
EMA(7): 0.01661 โ (Price has reclaimed short-term EMA)
EMA(25): 0.01913 โ (Needs breakout for sustained momentum)
EMA(99): 0.02713 ๐บ (Major resistance in the longer term)
Currently trading between the 7 and 25 EMA โ a potential bullish crossover setup could trigger if momentum sustains in coming days.
๐ RSI(6) Analysis: 55.51
RSI crossed 50, signaling momentum shifting towards bulls. However, still not in overbought territory โ suggesting room for upward movement if volume supports.
๐ฎ DIZANEX Forecast & Strategy:
Short-Term: A push toward 0.01950โ0.02100 is likely if price breaks and holds above EMA(25).
Mid-Term: Key level to watch is EMA(99) at $0.02713. Strong breakout here would signal a trend reversal confirmation.
Support Zone: $0.01390โ$0.01550 (good area for accumulation on dips)
๐ก DIZANEX TAKEAWAY: T/USDT is showing signs of a short-term trend reversal, supported by bullish candlestick structure and rising RSI. Traders should watch for a break above EMA(25) for confirmation. โ ๏ธ Manage risk and monitor volume trends carefully!
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