1. General price trend:
The current price is 1.1142 USDT, up +15.65% in 24 hours.
The highest price in the 24 hours is 1.2160, and the lowest price is 0.9555.
The chart shows a strong upward trend at the beginning of the movement (from 0.6450) followed by a downward correction, and relative stability after that.
2. MACD:
A slight positive crossover between the DIF and DEA lines (yellow and purple) is visible, which may indicate renewed bullish momentum.
The green bars on the MACD chart indicate bullish momentum.
3. Relative Strength Index (RSI):
The current RSI reading is around 61.44, which means that the currency is close to the overbought zone, but still within an acceptable range.
4. Volume:
There is a noticeable increase in trading volumes during some periods, reflecting great interest from traders.
Technical Analysis:
If the price holds above the current support level (around 1.10), it may continue rising towards the next resistance at 1.2160.
If the price breaks the support level at 1.10, it may head to lower levels (such as 0.96).
Conclusion:
The general trend of the currency is positive with some corrections.
