1. Price Action: The GPU/USDT pair has shown strong bullish momentum, with a recent high of 1.94. It is currently trading at 1.7597, suggesting a minor pullback after testing resistance near the 1.94 level.
2. Moving Averages (MA):
The price is trading well above the MA5, MA10, MA30, and MA60, indicating a solid uptrend.
The short-term MA5 (1.5594) and MA10 (1.4380) are sharply sloping upwards, signaling continued bullish sentiment.
3. MACD:
The MACD line is above the signal line and in positive territory, confirming bullish momentum.
The increasing histogram bars suggest strengthening buying pressure.
4. Volume:
The volume has been increasing during the uptrend, supporting the validity of the recent price surge.
5. Key Levels:
Resistance: 1.94 (recent high). A breakout above this level could lead to a continuation of the uptrend.
Support: 1.50–1.55 range (previous consolidation area and near MA5).
Conclusion: The trend remains bullish, with strong momentum indicators and volume. A breakout above 1.94 could push the price toward higher targets, while a pullback to the support zone could attract buyers.