$DATA Analysis and Prediction
Current Price: $0.04607 (+3.77% in the last 24 hours)
Market Overview:
$DATA is rebounding from the $0.04350 support zone, indicating short-term bullish momentum.
Key Levels:
Support Zone: $0.04350–$0.04500, a reliable base with multiple past bounces.
Resistance Zone: Immediate resistance at $0.05000, with a stronger hurdle at $0.05475 (24-hour high).
Trend:
A higher low formation suggests the potential for a recovery trend if $0.04650 is maintained.
Predictions:
If Momentum Holds:
Short-Term Target: $0.05000
Medium-Term Target: $0.05500
If Price Retraces:
Key Support: $0.04500
Trading Strategy:
1. Consider entering long positions near $0.04650 with a stop-loss below $0.04500.
2. Secure partial profits around $0.05000 while targeting $0.05500.
3. Watch for selling pressure at resistance to adjust your approach.
