C98/USDT is currently trading at 0.1366, reflecting a gain of +0.89%. The price recently moved above the 200-period moving average, which is currently at 0.1191, indicating a positive long-term trend. The Volume Weighted Average Price (VWAP) is at 0.1342, just below the current price, suggesting support from buying pressure at these levels.
The RSI (Relative Strength Index) stands at 66.04, indicating a bullish trend but nearing the overbought zone. This suggests the market is still in a healthy upward trend, though traders should be cautious of potential overextension if the RSI climbs further.
The MACD (Moving Average Convergence Divergence) shows a bullish crossover, with the MACD line at 0.0017 above the signal line at 0.0022. This indicates positive momentum, supporting further potential upside in the short term, with the histogram also showing bullish momentum.
Key resistance levels are identified at 0.1373, and if broken, the price could extend toward 0.1450 or higher. On the downside, support levels are noted around 0.1300, with stronger support at 0.1200 near the 200-period MA. A breakdown below these levels could test 0.1100.
Disclaimer:
This analysis is for informational purposes only and should not be taken as financial advice. Always conduct your own research before making trading decisions.
