$CGPT /USDT Technical Analysis and Trade Signal
Current Market Overview:
Current Price: $0.3657
24H High: $0.4680
24H Low: $0.2129
Momentum: Positive short-term recovery but facing resistance near $0.3755.
Technical Indicators:
Moving Averages:
50 EMA: Price trading slightly below, indicating a cautious trend.
200 EMA: Support zone around $0.3400.
RSI: Near 62, indicating slight bullish momentum but close to overbought territory.
MACD: Positive crossover on the 1-hour chart, showing bullish momentum.
Key Levels:
Immediate Resistance: $0.3755 (Buy Avg. Price).
Major Resistance: $0.4000 (Psychological level).
Support: $0.3400 (200 EMA).
Trade Signal
Entry Zone:
Buy between: $0.3600 – $0.3700 (ideal accumulation range).
Targets 🎯:
1. Target 1: $0.3950
2. Target 2: $0.4250
3. Target 3: $0.4600
Stop Loss:
$0.3300 (below the 200 EMA and key support zone).
Momentum Analysis:
If the price breaks above $0.3755 with high volume, expect a bullish rally toward $0.4000 and beyond.
Failure to hold above $0.3400 may lead to a bearish pullback.