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.

There’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 3.440–3.459 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 3.258–3.300 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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