UNFI/USDT Gains Momentum, Testing 200 MA
$UNFI

UNFI/USDT is currently trading at $2.704, up by +0.67%, showing bullish momentum after breaking out of a consolidation range. The price is now approaching the 200-period moving average, which stands at $2.807, suggesting that this level may act as the next resistance. The VWAP is positioned at $2.649, indicating that buyers are currently in control as the price holds above key levels.

The RSI is at 72.22, signaling that the asset is entering overbought territory. This could suggest a potential pause or pullback in the short term as traders may take profits after the recent upward push.

The MACD is showing a bullish crossover, with the MACD line at 0.044 above the signal line at 0.031. The histogram is increasing, confirming positive momentum and supporting the case for further gains in the short term.

Key resistance levels to watch are around $2.80 (the 200-period moving average) and $3.00. If the price breaks above these levels, further upside toward $3.50 could be possible.

On the downside, immediate support lies at $2.65 (the VWAP level), with stronger support around $2.40. A failure to hold these levels could result in a retracement toward the lower consolidation zone, around $2.20.

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.

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