Technical Analysis ($YGG

/USDT

Current Price: $0.6554

24h High/Low: $0.6815 / $0.6329

RSI (Relative Strength Index): Neutral/Bullish, likely hovering near 50 due to the recent increase.

MACD (Moving Average Convergence Divergence): Bullish crossover likely occurred or is imminent as the price rises above the moving averages.

Trend: Currently in an uptrend with an increase of +2.39% over 24 hours.

Trade Momentum:

The market shows bullish momentum after the recent bounce from the 24h low ($0.6329), indicating potential for further upside, supported by increasing buying pressure.

Trade Signal:

Buy Entry: Around $0.6500

Target 1: $0.6700 (Short-Term Resistance)

Target 2: $0.6800 (Medium-Term Resistance)

Target 3: $0.7000 (Long-Term Resistance)

Stop Loss: $0.6300 (Just below the 24h low) for risk management.

The bullish trend momentum remains in place, but it's crucial to watch for any retracements that may validate these targets. Keep an eye on the RSI for overbought levels or any divergences.

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