Moving Averages. The price is currently above these averages, indicating a potential bullish momentum on the 15-minute time frame.
Market Trend:
There is a gradual rise in price with a clear upward momentum after a strong bearish wave. If the price continues to hold above the moving averages, this supports the continuation of the bullish trend.
RSI Indicator (bottom of the chart):
The Relative Strength Index (RSI) is at 60.29, indicating that the market is still in a neutral to positive zone, and has not reached the overbought zone (70).
Trading Volume:
Trading volume appears relatively high (7.822 million TRX), which reinforces the strength of the current bullish trend.
Forecast:
If the price continues to maintain its levels above the moving averages, it may test new resistance levels (such as 0.2450 or higher).
Targets
0.26
0.28
In case of a reversal and the price falls below the averages, it may head to test the support at 0.2400 or 0.2350.
Recommendation:
Closely monitor the price action and support and resistance levels.
Use stop loss orders to reduce risks in case of a reversal.
DOYR
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