🔥 Current momentum
The DEGO/USDT pair is showing strong bullish momentum, currently trading at $2.465, up +9.17%. The pair reached a high of $2.520 in the last 24 hours, indicating growing buyer interest.
📈 Bollinger Bands Expansion
The price is moving in the upper Bollinger Band, with the bands expanding. This indicates increased volatility and a possible continuation of the uptrend. The upper band is located at $2.458, which means the price is hovering slightly above it, but still within the bullish range.
💹 Relative Strength Index
The RSI(6) is at the overbought level of 81.450, indicating a possible temporary pullback. However, the continued strength in the RSI(12) at 77.654 confirms a strong uptrend, while the RSI(24) at 69.643 shows steady strength across multiple timeframes.
📊 Main support and resistance
• Resistance: The immediate resistance level is $2,520. A break of this level could push the price towards $2,583 and beyond.
• Support: The nearest support is located at $2.231 (Middle Bollinger Band). If there is a pullback, the price may test this level before resuming the uptrend.
🚀 Doctor's predictions
Given the break above the upper Bollinger Band and a strong RSI, the DEGO/USDT pair could reach $2,580 in the near term, especially if the buying pressure persists. However, with the RSI in the overbought zone, a short consolidation or a slight decline to $2,231 could occur before another rally.
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