Technical Analysis Report for $ONE /USDT (1-Hour Chart)

Overview of Price Action

ONE/USDT has shown a strong upward momentum with a 16.66% price increase in the last 24 hours. The price surged from a 24-hour low of $0.02483 to a high of $0.03090, currently consolidating around $0.02934. The RSI (Relative Strength Index) of 63.92 indicates the coin is nearing overbought territory but still has room for upward movement.

Key Levels

Resistance Levels:

$0.03090 (24-hour high - immediate resistance)

$0.03126 (secondary resistance - breakout zone)

Support Levels:

$0.02863 (immediate support)

$0.02599 (major support - bullish invalidation zone)

Trade Signals

Short Trade Signal:

Entry: $0.03000 (on rejection below resistance)

Take-Profit Targets:

TP1: $0.02863

TP2: $0.02750

TP3: $0.02599

Stop-Loss: $0.03130

Long Trade Signal:

Entry: $0.02900 (on breakout above consolidation)

Take-Profit Targets:

TP1: $0.03050

TP2: $0.03120

TP3: $0.03250

Stop-Loss: $0.02800

Indicators and Notes

1. RSI: The RSI indicates bullish momentum but could signal overbought conditions soon. Monitor for divergence.

2. Volume: Significant buying volume is driving the uptrend. Watch for a spike in selling volume at resistance.

3. Trend: Bullish short-term trend. A sustained breakout above $0.03090 could signal a strong rally.

Cautionary Note

Traders should wait for stability or a confirmed breakout above the resistance at $0.03090 before initiating fresh long trades.

Watch for potential rejection or consolidation near resistance zones.

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