#MarketRebound
1. Current Price: The current price is at 693.10, showing a +4.72% increase in the last 24 hours.
2. Moving Averages (MA):
MA(7): 691.29
MA(25): 684.03
MA(99): 668.94
The shorter-term MA(7) is above the longer-term MA(25 and 99), indicating a bullish trend.
3. 24-Hour Range:
High: 698.50
Low: 660.90
4. Order Book:
The bid side (buyers) dominates with 92.32%, showing strong buying pressure.
5. Trend: The price seems to have rebounded strongly from the low of 638.10 and is trending upward.
Prediction:
Bullish Sentiment: Based on the moving averages and strong buying activity, the price could continue to test the recent high of 698.50 and potentially move beyond that level.
Resistance Levels: The next resistance could be near 700-705, as it's a psychological level.
Support Levels: In case of a pullback, the support levels would be around 684 (MA25) and 668 (MA99).
Caution:
Cryptocurrency markets are highly volatile, so ensure risk management and stop-loss orders are in place when trading.