📊 Current Price: $2.47 (+19.60%)
📈 24h High: $3.0500
📉 24h Low: $2.0685
📈 24h Volume (FTT): 49.49M
📈 24h Volume (USDT): $130.95M
Technical Indicators Overview:
1️⃣ Bollinger Bands (20, 2):
Upper Band (Target 🎯 1): $2.6999
The price is nearing the upper Bollinger Band. A breakout above $2.6999 could indicate continued bullish momentum, with the potential for the next resistance at $3.0500.
Middle Band (Target 🎯 2): $2.5810
The middle Bollinger Band acts as a strong support. A consolidation above this level suggests continued strength in the uptrend.
Lower Band (Support): $2.4621
Watch this support level if the price retraces. A bounce from here could offer buying opportunities.
2️⃣ MACD:
The MACD is showing a slightly bearish momentum at -2.4001, but if it crosses above the signal line, it could indicate a potential reversal to the upside, confirming further gains.
3️⃣ RSI:
RSI is currently showing strong momentum, though it could be approaching overbought levels. A pullback could happen if RSI moves toward 70, so it's important to watch for signs of exhaustion.
Price Targets 🎯
📍 Target 1: $2.6999
The immediate resistance level near the upper Bollinger Band. If the price breaks above this level, it could lead to a continuation toward the 24h High of $3.0500.
📍 Target 2: $2.5810
The middle Bollinger Band acting as a key support level. A strong bounce here could push the price back toward $2.6999 and higher.
📍 Target 3: $2.4621
The lower Bollinger Band offers critical support. If the price retraces, this zone is a key level to watch for potential buy opportunities.
💡 Trading Strategy:
Bullish Traders: Look for a breakout above $2.6999 to target $3.0500.
Bearish Traders: Watch for MACD reversal signals and potential pullbacks towards $2.4621 for buying opportunities.
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