$PENDLE

200 SMMA: The 200-period SMMA is positioned at 4.404, just below the current price of 4.508. This level acts as support, suggesting bullish sentiment if the price remains above it.

VWAP: The VWAP is at 4.423, providing another support level near the current price. Holding above this level may reinforce a bullish outlook.

RSI (Relative Strength Index):

The RSI is at 63.14, indicating moderate bullish momentum. It is approaching the overbought zone but still has room for additional upward movement, signaling sustained buying interest.

MACD (Moving Average Convergence Divergence):

The MACD line is at 0.038, with the signal line at -0.033. The histogram shows strong bullish momentum, suggesting potential for a continued uptrend if the MACD remains above the signal line.

Support and Resistance Levels:

Immediate Support: Around 4.423 (VWAP level) and 4.404 (200 SMMA), providing a stable base if the price retraces.Key Resistance: The 4.600 level, aligned with the recent high, serves as a critical resistance. A breakout above this level could indicate a continuation of the bullish trend.

Bullish Scenario: If PENDLE/USDT breaks above the 4.600 resistance level, it could target the next resistance around 5.000, suggesting a potential bullish continuation.

Bearish Scenario: Failure to maintain support at 4.423 or 4.404 may lead to a pullback, with the next support anticipated around 4.200.

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a professional before making any investment decisions.