$THE

Observations

Price Movement:

The price is currently at 3.0795, with a 24-hour low of 2.8900 and a high of 3.9200.

The price has rebounded from the 2.8900 support level and is moving upward.

Moving Averages (EMA):

EMA(7) is below EMA(25), indicating a recent bearish trend, but the price has started to cross the shorter EMA(7), suggesting a potential reversal or correction.

RSI (Relative Strength Index):

RSI(6): 50.73: The short-term RSI is neutral but trending upwards, suggesting the market may still have room to move higher before becoming overbought.

RSI(24): 43.61: The longer RSI indicates that the price is still in a relatively neutral zone, far from overbought.

Volume:

The volume spike during the rebound from 2.89 shows strong buyer interest at that support level.

Stochastic RSI:

Stochastic RSI is recovering from oversold levels, showing momentum is building for further upside.

Resistance Levels:

The next resistance appears to be around 3.44–3.47 based on recent price movements.

A stronger resistance lies at 3.92, the 24-hour high.

Support Levels:

Key support is at 2.89, as the price previously bounced from this level.