Technical Analysis for $CREAMšÆ
Current Stats:
ā¢ Price: $17.24 (-7.86%)
ā¢ 24h High/Low: $19.45 / $16.67
ā¢ RSI: 64.72 (slightly overbought but with momentum)
ā¢ Volume: 3M (CREAM), indicating moderate market activity.
Bullish Signals š
ā¢ Moving Averages: Price above 7-day (16.98) and 25-day (15.43) averages, showing a bullish setup.
ā¢ RSI (6): At 64.72, hinting at potential upside momentum.
ā¢ Volume Spike: Recent increase in volume aligns with upward momentum.
Potential Bullish Targets:
1. $18.50 - Short-term breakout.
2. $20.00 - Psychological resistance level.
3. $22.00 - Mid-term resistance if volume sustains.
4. $25.00 - Long-term target based on historical highs.
5. $30.00 - Requires heavy buying pressure.
Bearish Risks š
ā¢ Declining Inflows: (-84,745.69) over the last 24 hours reflects selling pressure.
ā¢ MACD Divergence: Potential bearish crossover forming.
ā¢ Resistance Level: Strong resistance at $19.50.
Potential Bearish Targets:
1. $16.00 - Key support zone.
2. $14.50 - 25-day moving average.
3. $12.00 - Previous low on heavy sell-offs.
4. $10.00 - Psychological level if bearish momentum continues.
5. $8.00 - Extreme bearish target.
News Insights š°
ā¢ Cream Finance is focusing on DeFi lending, making it sensitive to shifts in the broader DeFi market sentiment.
ā¢ Market confidence in DeFi is recovering, which may boost CREAMās price in the medium term.
Summary
ā¢ Immediate Outlook: Neutral to bullish with upward potential if $18.50 is breached.
ā¢ Key Resistance: $19.50.
ā¢ Key Support: $16.00.
ā¢ Strategy: Monitor volume closely; a breakout above $20.00 could signal a major rally.
#Crypto #DeFi #CREAM
