Technical Analysis for $C98
/USDT💯🔥
Current Price: $0.1785
24h Change: +4.63%
Trend Analysis: C98 has been in a bullish trend over the last 24 hours, with a noticeable rise in price from the lower range of $0.1686 to near $0.1808. The price appears to be holding steady above the support level at $0.1733, which suggests ongoing bullish momentum.
Technical Indicators:
RSI (Relative Strength Index): Slightly bullish; consider observing for overbought conditions as the RSI moves toward 70.
MACD (Moving Average Convergence Divergence): Shows positive momentum, indicating potential continued bullish movement.
Support and Resistance Levels:
Support: $0.1733 (near 24h low)
Resistance: $0.1808 (near 24h high)
Trade Signal:
Entry: If the price sustains above $0.1773, enter long positions.
Stop-Loss: Set a stop-loss near $0.1730 to limit downside risks.
Target Levels (🎯):
1. Target 1: $0.1825 - Slight resistance near this level.
2. Target 2: $0.1850 - Strong potential as the next upside resistance level.
3. Target 3: $0.1900 - A reasonable upper target before major resistance zones appear.
Momentum: C98/USDT exhibits moderate to strong bullish momentum. There is potential for continued upward movement as long as the support level at $0.1733 holds. Watch for volume spikes as confirmation for further momentum.