$USUAL
Analysis:
1. Trend:
The price is above MA60 but close to it, showing slight bullish momentum with caution.
Volumes are slightly below short-term moving averages, suggesting indecision.
2. Support and Resistance:
Support Levels:
$1.1864 (MA60).
$1.1750 (recent low).
Resistance Levels:
$1.1991 (immediate resistance).
$1.2050 (psychological barrier).
3. Market Sentiment:
The market sentiment appears cautiously optimistic but lacking strong momentum.
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Recommendations:
For Long Positions:
Look for entries near support levels ($1.1864) if RSI and MACD confirm bullish signals.#writetoearn #GMTBurnVote #CryptoRegulation2025 #GrayscaleHorizenTrust