Range: 75736–78460. After a sharp V-shaped reversal, prices rallied rapidly, gaining 2.13% intraday.
On the 15-minute chart, the price is holding firmly above the MA7, MA25, and MA99 moving averages. The short-, medium-, and long-term moving averages have all turned upward in sync, signaling a strong short-term bullish structure. Lows continue to rise, a typical sign of an accelerating rebound.
However, after the sustained rally, the market has entered overbought territory in the short term. The price peaked at 78460, near a previous resistance zone, so watch for profit-taking by bulls and a pullback after the surge.
On the 15-minute chart, the price is holding firmly above the MA7, MA25, and MA99 moving averages. The short-, medium-, and long-term moving averages have all turned upward in sync, signaling a strong short-term bullish structure. Lows continue to rise, a typical sign of an accelerating rebound.
However, after the sustained rally, the market has entered overbought territory in the short term. The price peaked at 78460, near a previous resistance zone, so watch for profit-taking by bulls and a pullback after the surge.
