W/USDT Consolidates – Bulls Eye Break Above $0.35
$W
Current Price and Moving Average (MA):
W/USDT is trading at $0.3298, above the 200-period MA of $0.2590, indicating a short-term bullish trend continuation.
RSI & MACD Analysis:
The RSI is at 47.10, suggesting neutral momentum, with neither overbought nor oversold conditions. The MACD shows bearish divergence, with a negative histogram, indicating a loss in bullish momentum and potential upcoming weakness.
Support & Resistance:
Immediate resistance lies around $0.35, a level that saw recent rejections. Support is located in the $0.30 - $0.32 range, which was tested recently and held well.
Scenarios:
Bullish: A break above $0.35 could lead to further gains towards $0.40.Bearish: Failure to maintain above $0.32 could result in a retracement towards $0.25.
Disclaimer: This is for informational purposes only. Perform your own research before trading.
