The price of OL fluctuates around 0.035 and has shown significant increase. We can analyze this from several technical indicators:
EMA Indicator: From the EMA trend of 5 minutes, 1 hour, and 4 hours, the current price is close to the intersection of the 5-day EMA and 10-day EMA, indicating a potential short-term adjustment. However, if it continues to break through 0.0355, it may continue to rise.
RSI Indicator: The RSI (6, 12, 24) currently shows 66.56/49.96/45.10. The short-term RSI has entered the overbought area but has not reached the overbought limit of 70, suggesting the market may continue to rise. However, it is important to note that if the RSI approaches 70, there may be a risk of a pullback.
MACD: The MACD is currently in the positive area, with short-term growth indicating that the buying power in the market is strengthening. The DIF and DEA lines show a strong upward trend in the short term, but caution is needed, as a downward crossover of the DIF line below the DEA line may indicate a short-term pullback.
KDJ Indicator: The KDJ's K line (50.61) is close to the D line (61.22). If the K line breaks above the D line, a stronger upward momentum may occur. The value of the J line (29.4) also indicates that the market may have further upward potential.
Overall, although the RSI is somewhat overbought, the market is currently performing strongly. If the price continues to break through 0.0355, it may continue to rise, targeting around 0.040. In the short term, attention should be paid to whether there will be a technical pullback to around 0.035. The support level after the adjustment is around 0.0335, and a breakthrough could lead to continued upward movement.
Short-term strategy suggestion:
Entry point: If the price approaches 0.0355 and breaks through, consider entering the market.
Take profit point: Around 0.038-0.040.