#SANTOSUSDT Technical Analysis: Bullish Signs and Key Resistance Levels
$SANTOS

4-Hour Timeframe Analysis:
SANTOSUSDT is currently trading at $2.897. The price is testing the 200-period SMA at $2.896 and has recently crossed above the VWAP at $2.877, suggesting a potential bullish trend. The RSI is 58.64, indicating upward momentum with caution for pullbacks. The MACD is positive, with the MACD line at 0.020 and the signal line at 0.018, supporting bullish momentum. Recent volume spikes indicate strong buying interest, and the price nearing the upper Bollinger Band suggests overbought conditions, implying a possible consolidation before further upward movement.

1-Hour Timeframe Analysis:
In the 1-hour timeframe, SANTOSUSDT is at $2.895, above the 200-period SMA at $2.787 and the VWAP at $2.870, indicating a stronger short-term bullish trend. The RSI is 64.24, nearing overbought territory. The MACD shows sustained bullish momentum with the MACD line at 0.008 and the signal line at 0.006. Volume analysis confirms increasing buying pressure, though the price is near the upper Bollinger Band, suggesting potential overbought conditions.

Recommendations

Bullish Scenario:
If SANTOSUSDT sustains above the 200-period SMA in the 4-hour timeframe, it could continue its bullish trend with targets around $3.10 and $3.30.

Bearish Scenario:
If the price falls below the VWAP and the 200-period SMA, it could trend towards $2.70 and $2.50.

Disclaimer

This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency trading involves significant risk. Always conduct your own research or consult a professional before making any trading decisions.

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