Current Price
Price Level: Approximately $3.66
Moving Average
MA200: The price is above the MA200 at $3.09, indicating a bullish trend is in place.
Indicators
RSI: At 57.26, suggesting moderate bullish momentum without being overbought.
MACD: Shows a positive crossover, with a slight expansion in the histogram, supporting continued bullish momentum.
Volume: High at 14.752M, indicating strong market interest and participation.
Key Levels
Resistance: The recent high near $3.74 may act as a short-term resistance.
Support: Strong support is likely around the MA200 at $3.09, providing a base for potential pullbacks.
Pattern Analysis
The price has been trending upwards, forming higher lows, which indicates a strengthening bullish sentiment.
Bullish Scenario
A break above $3.74 could signal further upward movement, potentially targeting the $4.00 level, boosted by strong volume and indicator support.
Bearish Scenario
Failure to hold above the $3.60 level might see a pullback towards the support at the MA200 around $3.09.
