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📊Technical Analysis (1 hour) $XPL /USDT

1. Price and Trend:

‱ Current Price: 1.5384 USD (+14.92% per day).

‱ The chart shows a strong uptrend, the price has broken the upper Bollinger Band (1.6289), which may indicate overbought conditions.

2. Bollinger Bands (BOLL):

‱ Middle Band (MB): 1.4112.

‱ Upper Band (UP): 1.6289, Lower Band (DN): 1.1935.

‱ The price is approaching the upper band, which may signal a possible correction.

3. MACD:

‱ DIF: 0.0703, DEA: 0.0723, MACD: -0.0020.

‱ MACD is close to a bearish crossover, which may indicate a weakening of the upward momentum.

4. RSI (Stochastic RSI):

‱ Values: 63.5437 (FAST) and 55.5525 (SLOW).

‱ RSI is in the neutral zone, but is approaching the overbought level (>70), which may warn of a possible correction.

5. Volumes (VOL):

‱ Significant growth in volumes (84.427 million), which supports the upward movement, but a sharp drop may signal the exhaustion of interest.

⚠Conclusion: The short-term trend is upward, but indicators (BOLL, RSI, MACD) hint at a possible correction. It is recommended to monitor the resistance level near 1.6289 and support near 1.4112.

Buy signal: 🟱

‱ Condition: The price rolls back to the support level of 1.4112 (the middle Bollinger band) with increasing volumes.

‱ Target: 1.6289 (upper Bollinger band).

‱ Stop loss: 1.1935 (lower Bollinger band).

Sell signal: 🔮

‱ Condition: Price reaches 1.6289 with signs of overbought (RSI > 70) or MACD signals a reversal.

‱ Target: 1.4112.

‱ Stop loss: 1.6400 (above local high).