đ AXLUSDT chart analysis and prediction đ
âą Bollinger Bands: The price recently broke out above the upper Bollinger Band, which often signals strong momentum and potential overbought conditions. However, breakouts can also suggest continued gains if the momentum sustains.
âą RSI (Relative Strength Index): The RSI values are quite high (92 for RSI(6) and 86 for RSI(12)), indicating that the asset is currently overbought, which might lead to a pullback soon or a short-term correction.
âą Strong Bullish Trend: The price has risen sharply from $0.55 to $0.86 in a short period. The uptrend looks solid, supported by increasing volume.
âą Short-term Potential: Thereâs potential for a short-term pullback due to overbought conditions, but if the price holds above $0.80, we might see a continued upward trend, possibly retesting or surpassing the recent high of $0.86.
Docâs Prediction:
âą Short-term correction likely, with a possible drop to $0.75 to consolidate.
âą If momentum holds after the correction, it may push toward $0.90 or higher within the next few days đ.
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