#Threshold Network Momentum Building?
Let's break the hype down 👇
$T surges 9.63% to $0.01787, driven by a significant volume spike of 35.76M—well above the 30-day average of 13.78M. The market shows signs of growing bullish sentiment, but critical resistance lies ahead.
🔑 Key Indicators:
Volume: A massive uptick in trading activity highlights heightened market interest, indicating strong buying pressure.
RSI: Currently at 60.51, the Relative Strength Index signals bullish momentum while still leaving room before entering overbought conditions.
Price Action: The breakout above $0.017 suggests a potential trend reversal, with $0.02 acting as the next significant resistance level.
👀 What to Watch:
A sustained move above $0.02 could open the door to $0.022, aligning with increasing bullish sentiment.
However, weakening volume or RSI divergence could point to a potential pullback, with $0.016 serving as key support.
📊 WhiteBIT Chart: Threshold Network/Tether US (T/USDT) (1D)