Technical update for SANTOS coin - Continued positive momentum 🚀
Current situation:
SANTOS coin is currently trading around 2.49 USDT, achieving a 6.7% increase over the past 24 hours. The price is now in a healthy accumulation phase near recent peaks after a strong upward movement.
Key technical points (4-hour timeframe):
Trend: The upward trend remains intact, as the price trades above the moving average (EMA) cluster and presses towards the upper range of the Bollinger Band.
Indicators: The Relative Strength Index (RSI) is above 60, indicating continued buying strength and upward momentum.
Volume: We observe a calm in trading volume after the breakout, suggesting reduced selling pressure.
Key levels to watch:
📈 Bullish scenario: Holding above 2.40 USDT opens the door to targets ranging from 2.55 - 2.65 USDT.
📉 Bearish scenario: Breaking the 2.35 USDT level could lead to a deeper pullback towards the 2.20 - 2.25 USDT areas.
Conclusion:
Technical indicators suggest that the current pause is a "healthy accumulation" to continue the rise and not a distribution.
#$#santos_usdt #FOMCWatch
#تحليل_فن #Crypto #altcoinseason
Current situation:
SANTOS coin is currently trading around 2.49 USDT, achieving a 6.7% increase over the past 24 hours. The price is now in a healthy accumulation phase near recent peaks after a strong upward movement.
Key technical points (4-hour timeframe):
Trend: The upward trend remains intact, as the price trades above the moving average (EMA) cluster and presses towards the upper range of the Bollinger Band.
Indicators: The Relative Strength Index (RSI) is above 60, indicating continued buying strength and upward momentum.
Volume: We observe a calm in trading volume after the breakout, suggesting reduced selling pressure.
Key levels to watch:
📈 Bullish scenario: Holding above 2.40 USDT opens the door to targets ranging from 2.55 - 2.65 USDT.
📉 Bearish scenario: Breaking the 2.35 USDT level could lead to a deeper pullback towards the 2.20 - 2.25 USDT areas.
Conclusion:
Technical indicators suggest that the current pause is a "healthy accumulation" to continue the rise and not a distribution.
#$#santos_usdt #FOMCWatch
#تحليل_فن #Crypto #altcoinseason