✅ Data Summary:
Current price: 0.5266 USDT
Percentage increase in 24 hours: +67.76%
Highest price in 24 hours: 0.6300
Lowest price in 24 hours: 0.3131
High trading volume: 273.72 million THE
RSI (Relative Strength Index): 58.45
Positive MACD (0.0053) = slight bullish signal
The general trend over the past few days: very strong rise, now followed by a correction
🔍 Quick technical analysis:
1. RSI Indicator (58.4):
RSI below 70, meaning it is not in the overbought zone yet, but close to it.
Previously above 70, indicating that the current correction may be healthy after a strong rise.
2. Candlestick patterns:
Sharp and clear rise followed by some red candles, indicating a correction or profit-taking after a large buying surge.
3. MACD:
Shows a positive crossover (yellow line DIF above purple DEA), reflecting positive momentum.
But the momentum has started to slow down, indicating the possibility of the price entering a resting phase or temporary pullback.
📉 Possible scenarios:
✳️ Positive scenario (if momentum continues):
If the price rebounds from the current area (0.52–0.50) and rises above 0.57, there is a chance to retest 0.63 or higher.
⚠️ Negative scenario (if support fails):
If the price breaks below the 0.50 area, it may drop towards strong support at 0.42 or even 0.34
Especially since the large profit ratio attracts speculators who may sell to take profits
💡 Advice:
| If you are thinking about buying now:
✅ Wait for confirmation that the price stabilizes above 0.50 – preferably a green bullish candle appears.
🚫 Do not enter directly now, as the market seems to be in a correction phase.
| If you already own the coin:
A reasonable profit-taking point if you haven't sold is between 0.55 and 0.60
Or place a stop loss below 0.49 to reduce the loss if the market returns to decline
| If you are looking for a safe entry:
Wait for the price to drop to 0.42–0.44, which is a strong support area, then watch for a rebound from it.
✅ Summary:
The coin has experienced a sharp price explosion.
The price is currently in a logical correction phase.
Do not enter now unless a bullish confirmation signal appears.
Best to enter at support (around 0.42) or after a stable break above 0.57.
