The Fibonacci tool is drawn from a low around $4.354 to a high of $4.862.
Level Price Interpretation
0.0 4.861 Local high/resistance 0.236 4.741 Minor resistance/support 0.382 4.668 Currently testing this level 0.5 4.608 Key psychological and technical support 0.618 4.548 Strong support zone (Golden Ratio) 0.786 4.463 Deep retracement zone 1.0 4.354 Local swing low
Current Price: $4.684 ➡️ Currently above the 0.382 ($4.667) level, showing some strength after a retracement. ➡️ If it sustains above 0.382, it could attempt to retest $4.74 (0.236) or even $4.86 (high). ➡️ Breakdown below 0.5 or 0.618 levels could suggest a continuation to lower retracement levels.
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📉 MACD Indicator (Momentum)
MACD Line: 0.000195
DIF (Fast Line): 0.023217
DEA (Signal Line): 0.023023 ➡️ MACD is slightly positive, and the fast line (DIF) is just above the signal line (DEA) — a weak bullish signal. ➡️ Histogram is near zero, suggesting limited momentum or potential consolidation.
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📊 Summary
Trend: Recovering from a retracement; neutral-bullish bias.
Volume: High activity — 818.35M LA and 1.14B USDT traded
Fibonacci Retracement Analysis
The Fibonacci levels are drawn from the swing low at $0.988 to the swing high at $1.795. Key levels:
Level Price Status
0.236 $1.658 Resistance 0.382 $1.573 Rejected 0.5 $1.504 Currently near this level 0.618 $1.436 Support area 0.786 $1.338 Deeper support 1.0 $1.213 Full retracement
Price is currently hovering around the 0.5 Fibonacci level, which is often a key decision zone.
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🕯️ Candlestick Pattern
After a strong bullish impulse from ~$0.988 to ~$1.795, there's a pullback happening.
The most recent candles show selling pressure, but the price is stabilizing near the 0.5 level, indicating possible buying interest or consolidation here.
⚡ SCALPING TRADE SETUP (Short-Term: 15min–1hr)
Goal: Quick profits from short moves within a small price range.