Candle Analysis

Current Price Trend:

The current price is 3.459, showing a 15.65% gain over the previous period. The price has been consolidating after a strong upward move earlier.

Bullish Candles:

The green candles indicate that the closing price of the candle was higher than the opening price, signaling bullish momentum.

Thereโ€™s consistent buying pressure, but the momentum is slowing down as the candles are smaller than before.

Bearish Candles:

Red candles in the middle suggest moments of selling pressure, which caused a pullback. However, the price recovered and is holding steady around the 3.440โ€“3.459 zone.

Wicks (Shadows):

The upper wicks on some candles near 3.597 indicate that sellers are pushing back near this resistance zone.

The lower wicks around 3.258โ€“3.300 show that buyers are defending these levels.

Consolidation:

The price is currently trading in a range between 3.440 and 3.597, indicating indecision in the market.

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