Moving Averages and VWAP:200-period MA: Currently at 0.10264, the price is comfortably above this level, indicating a bullish trend.VWAP: At 0.11273, slightly below the current price of 0.11467, confirming the upward price movement is supported by sufficient volume.RSI:RSI is at 69.10, near the overbought zone. This suggests that the price has strong bullish momentum but could face short-term resistance as it approaches overbought conditions.MACD:The MACD line is above the signal line, with a positive histogram, confirming bullish momentum. This suggests the upward trend could continue, but itâs important to watch for any potential bearish crossover.Support and Resistance Levels:Resistance: The price is testing a key resistance level around 0.11500â0.12000. A breakout above this zone could lead to further upside, with the next target around 0.12500.Support: Immediate support lies around 0.11000 (VWAP), followed by stronger support at 0.10200 (200-period MA).
Bullish Scenario: A successful breakout above 0.11500â0.12000 could push the price toward 0.12500 and higher, as confirmed by the bullish MACD.Bearish Scenario: If the price fails to break resistance and RSI hits overbought, a pullback toward 0.11000 (VWAP) or 0.10200 (200 MA) is likely.
Disclaimer:
This analysis is for informational purposes only and not financial advice. Always conduct your own research before making trading decisions
