#CYBERUSDT Analysis: Potential Momentum Shifting if Breaks Above $5.00
The CYBERUSDT chart indicates potential bullish momentum as the price currently tests the resistance levels of the 200-period SMA and VWAP. The current price stands at $4.748, with significant support at $4.670 (200-period SMA) and resistance at $4.773 (VWAP).
If the price breaks and sustains above $5.00, it could signal a strong bullish trend. Key indicators include an RSI of 58.18, suggesting room for upward movement, and a positive MACD with the MACD line at 0.058 and the signal line at 0.056, indicating bullish momentum.
The increased volume further supports potential upward movement. If CYBERUSDT breaks above $5.00, targets could be set around $5.50 and $6.00. Conversely, if the price fails to break $5.00 and falls below the 200-period SMA, it may trend towards $4.00.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading cryptocurrencies carries a high level of risk. Please consult with your financial advisor before making any investment decisions.
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