$SANTOS The latest chart for SANTOS/USDT does show signs of a potential recovery. Here’s the analysis:
1. Support and Resistance:
It has moved above the $4.00 level, which could act as support if it sustains.
Immediate resistance appears to be around $4.20. A break above this could strengthen the uptrend, with the next resistance levels near $4.30 and $4.50.
2. RSI:
The RSI has risen to around 48, which is a more neutral zone. This suggests that there is room for upward movement, especially if buying momentum continues.
3. Bollinger Bands:
The price is near the middle of the Bollinger Bands, indicating a possible attempt to trend higher. Moving toward the upper band around $4.30 would support the recovery.
Summary
There is a possibility of further upward movement, especially if the price can break above the immediate resistance of $4.20. If it does, the next target could be around $4.30 or higher. However, staying above $4.00 will be important for the continuation of this recovery.