๐ Technical Analysis
Short-term trend: weak but upward and fairly steady.
Price 1.953 is above:
MA(7) = 1.950
MA(25) = 1.937
MA(99) = 1.937
This gives a slight advantage to buyers, but trading volume is low compared to its averagesโso the breakout needs confirmation by volume.
After the sharp drop to 1.702, the coin entered a clear accumulation phase roughly between 1.90โ1.97.
๐ด Resistances
1.964 โ immediate resistance, the 24-hour high shown in the chart.
1.987โ2.00 โ an important resistance zone.
2.045 โ the previous swing high on the chart.
After breaking above 2.045, the way opens to test higher levels, but it requires strong confirmation.
๐ข Supports
1.950 โ very short-term support.
1.937 โ important support, aligned with MA25 and MA99.
1.919โ1.911 โ stronger support zone.
1.85โ1.84 โ key support if a strong downturn occurs.
๐ Bullish Scenario
If the hourly candle closes above 1.964 with a clear rise in trading volume:
Potential entry: 1.965โ1.975 after confirmation
Target 1: 1.987
Target 2: 2.020
Target 3: 2.045
Losing 1.937 is considered a sign of weakness for this scenario.
๐ Bearish Scenario
If the price fails at 1.964โ1.987 and then closes below 1.937:
Potential targets:
1.919
1.911
1.85
Breaking 1.911 with high volume increases the likelihood of the downtrend continuing.
Around the $1.8โ2.0 zone. ๏ฟฝ
CoinGecko +ูก
Chart summary:
1.964 is the key for bullish continuation, and 1.937 is the key for weakness.
Above 1.964 with strong volume โ watch 1.987, then 2.00โ2.045.
Below 1.937 โ watch 1.919, then 1.911
Short-term trend: weak but upward and fairly steady.
Price 1.953 is above:
MA(7) = 1.950
MA(25) = 1.937
MA(99) = 1.937
This gives a slight advantage to buyers, but trading volume is low compared to its averagesโso the breakout needs confirmation by volume.
After the sharp drop to 1.702, the coin entered a clear accumulation phase roughly between 1.90โ1.97.
๐ด Resistances
1.964 โ immediate resistance, the 24-hour high shown in the chart.
1.987โ2.00 โ an important resistance zone.
2.045 โ the previous swing high on the chart.
After breaking above 2.045, the way opens to test higher levels, but it requires strong confirmation.
๐ข Supports
1.950 โ very short-term support.
1.937 โ important support, aligned with MA25 and MA99.
1.919โ1.911 โ stronger support zone.
1.85โ1.84 โ key support if a strong downturn occurs.
๐ Bullish Scenario
If the hourly candle closes above 1.964 with a clear rise in trading volume:
Potential entry: 1.965โ1.975 after confirmation
Target 1: 1.987
Target 2: 2.020
Target 3: 2.045
Losing 1.937 is considered a sign of weakness for this scenario.
๐ Bearish Scenario
If the price fails at 1.964โ1.987 and then closes below 1.937:
Potential targets:
1.919
1.911
1.85
Breaking 1.911 with high volume increases the likelihood of the downtrend continuing.
Around the $1.8โ2.0 zone. ๏ฟฝ
CoinGecko +ูก
Chart summary:
1.964 is the key for bullish continuation, and 1.937 is the key for weakness.
Above 1.964 with strong volume โ watch 1.987, then 2.00โ2.045.
Below 1.937 โ watch 1.919, then 1.911