Follow and like and you will always receive recommendations
✅ Overview:
Current Price: 167.21 USDT
Daily Increase: +3.52%
Highest Price in 24 Hours: 169.80 USDT
Lowest Price in 24 Hours: 160.75 USDT
Volume: 485.42M USDT
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📊 Technical Indicators:
1. Moving Averages (EMA):
EMA 7 = 164.14 (Price above it)
EMA 25 = 166.13 (Broken upwards)
EMA 99 = 173.80 (Nearby Resistance)
🔹 Positive Signal: Price broke through EMA 25 indicating potential bullish momentum.
🔹 Cautious Signal: Strong resistance ahead at EMA 99.
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2. Relative Strength Index RSI (6):
Value = 76.46
🔺 Indicates an Overbought area → possibility of a short-term correction.
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3. MACD Indicator:
MACD Line = 1.27
Clear bullish crossover with the Signal Line and appearance of increasing green bars → Strong buy signal.
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4. Trading Volumes:
Notable increase in volume with green candles → Support for the current uptrend.
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📈 Supports and Resistances:
First Support: 161.07
Second Support: 155.83 (Previous Bottom)
First Resistance: 169.80 (Today's Peak)
Second Resistance: 173.80 (EMA99)
Next Strong Resistance: 181.44 – 188.23
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📌 Recommendation:
✳️ For Short-Term Speculation:
Buy Entry: If the price successfully retests the 165.5–166.5 area.
First Target: 169.8
Second Target: 173.8
Stop Loss: Close below 161.0 for 4 hours
📉 For potential correction:
If RSI remains high above 75, we may see a limited pullback before continuing to rise.
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✅ Decision:
The short-term trend is currently bullish, and the recommendation is to buy while monitoring the 173.8 area as a major resistance.
