Current price is approximately: $0.006854
With a trading volume of $63,450,000 over 24 hours.
The price increased by 2.61% in the last 24 hours, with a market cap of approximately $71,237,616 and a circulating supply of 10 billion coins.
Technical Analysis:
Current Trend: Short-term bullish: The price is trading above the exponential moving averages (EMA 20 and EMA 50) indicating buying momentum.
An increase of 1.9% - 7.05% over 24 hours, with trading volume increasing by up to 851.9% in some markets.
Technical Indicators:
Relative Strength Index (RSI): At 55.83 - 64, in the positive zone but close to overbought, indicating a slight correction could occur if it approaches 70.
Bull Bear Power: Shows strong upward momentum with the highest green bar this year supporting continued upward movement.
AO: In the positive zone supports the upward trend.
Bollinger Bands: The price is above the simple moving average (SMA), but close to the upper band ($0.00774), which could indicate selling pressure if resistance is not broken.
Support and Resistance Levels:
Support: Between $0.00615 - $0.006435. If the price drops below this level, it may reach $0.00526 or lower.
Resistance: $0.00746 - $0.00774. Breaking through these levels could push the price towards $0.024 or even $0.030 in the short term.
Predictions 🔥
Short-term: Bullish if buying momentum continues and trading volume remains high, the price may reach $0.024 or $0.030.
Bearish: If profit-taking or overbought occurs, the price may retreat to $0.00615 or $0.00526.
Recommendations:
Buying: Between $0.0065 and $0.0068 is considered a good entry point as it is close to the main support at $0.00615.
Selling/Taking Profits: First target $0.00746, second target $0.00774, expected significant gains.
Risk Management: Place stop-loss orders at $0.00615 to reduce risk in case of a correction.
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