1. Overall Trend
Short-Term Trend: The price is in a strong uptrend, trading well above the MA200 (currently at $0.002069), indicating a bullish sentiment.
Long-Term Trend: The breakout from the prolonged consolidation phase shows a transition into a bullish trend, supported by higher lows and higher highs.
2. Support and Resistance Levels
Support:
Immediate support is at $0.00300, which aligns with the psychological level and prior breakout area.
Stronger support is at $0.00250, a key level where the price consolidated before the rally.
Resistance:
Immediate resistance lies at $0.00350–$0.00360, where the price is currently testing.
Further resistance is at $0.00400, a psychological and historical level.
3. Technical Indicators
RSI (Relative Strength Index): The RSI is at 76.02, signaling overbought conditions and the possibility of a pullback or consolidation.
MACD: The MACD is bullish, with both the MACD line and signal line indicating upward momentum. However, the histogram shows signs of slowing, hinting at a potential pause.
Volume: Volume is high and increasing, confirming the validity of the breakout and strong buyer interest.
4. Cluster and Zone Analysis
Demand Zone: A strong demand zone is seen at $0.00250–$0.00300, where significant buying activity occurred.
Supply Zone: Selling pressure is evident at $0.00350–$0.00400, marking it as a potential resistance area.
