🔍1. Overall trend:
Uptrend – since June 14, 2025, we have observed a series of higher lows and highs, indicating a bullish trend.
Price broke above the Bollinger average and approached the upper band, then slightly retraced, suggesting a local correction.
📈2. Candles and price levels:
The last candle (at 0.1415) is a bullish candle, which may indicate a desire to continue the upward movement.
The highest point (0.1485) may act as local resistance.
Support: around 0.1326 (the lowest point in the last 24h), as well as the level of the middle Bollinger line (0.1328).
📊3. Technical indicators:
✅Bollinger Bands:
Upper band: 0.1450
Middle (MA average): 0.1328
Lower band: 0.1206
Price currently above the middle line and close to the upper band – bullish signal, but also a possibility of correction.
✅RSI (Relative Strength Index):
RSI(6): 68.11
RSI(12): 64.30
RSI(24): 61.72
All RSIs indicate neutral-bullish territory – not yet overbought, but we are close.
✅Volume:
Noticeable increase in volume with the recent bullish candles – confirms the strength of the upward movement.
📉4. Potential scenarios:
✅Bullish scenario:
If the price breaks above 0.1485, a quick movement towards 0.155–0.160 is possible, with increased volume.
RSI may enter the overbought zone (>70), which could trigger a temporary correction after reaching a new peak.
❌Bearish scenario:
If the price drops below 0.1328 (middle Bollinger line and MA), a correction towards 0.1206 (lower Bollinger band) is possible.
A drop below this level would be a signal of a trend change.
📌Summary:
Direction: Bullish, but close to the resistance zone.
RSI: Neutral-bullish, but watch out for possible overbought.
Volume: Uptrend – confirms the trend.
Positions: A good entry point after a correction around 0.133–0.135 or a breakout of 0.1485.
