Trend: Bullish momentum with a significant price surge over the past 24 hours.
Support Levels:
Primary support at $0.4151 (24h low)
Secondary support at $0.4759
Resistance Levels:
Near-term resistance around $0.5500 (24h high)
Strong resistance at $0.5555
Indicators:
RSI: Showing bullish strength, suggesting continued upward potential.
Moving Averages: 50 EMA crossing above 200 EMA, indicating a strong uptrend.
Trade Signals & Targets:
Target 1 (Short-term): $0.5555 (Resistance level)
Momentum: Strong upward movement; favorable for short-term buys. Watch for minor pullbacks before breaking resistance.
Target 2 (Medium-term): $0.5800
Momentum: Bullish continuation expected; monitor volume spikes for confirmation. Use support at $0.4759 as a stop-loss.
Target 3 (Long-term): $0.6000+
Momentum: If current trend persists, long-term target around $0.6000 with potential for further upside.
Trade Momentum:
Bullish Bias: Momentum is positive, with increasing buying interest and rising price action.
Suggested Action: Buy on dips near support levels ($0.4759) and ride momentum to the first target at $0.5555. Adjust stop-loss to lock in profits at each target.
The strong upward momentum suggests a bullish continuation in the short to medium term, with potential price targets of 3.467, 3.50, and 3.60 USDT. However, watch for support at 3.288 to avoid a sudden reversal.