[Analysis of popular coins on May 24] PEOPLE
24-hour price trend [up]
[Point analysis]
Buy point 1: 0.080 USDT (reason: close to the support level after the previous high point correction, and the integer point has a psychological support effect)
Buy point 2: 0.075 USDT (reason: further correction to a stronger support area, while close to the EMA7 moving average)
Buy stop loss point: 0.073 USDT (reason: lower than buy point 2, to prevent the price from falling below the key support level and continuing to fall)
Sell point 1: 0.090 USDT (reason: By: The target price after breaking through the recent high of 0.088, there is pressure at the integer point)
Sell point 2: 0.095 USDT (reason: further rise to the next important integer level, there is a possibility of greater selling pressure)
Short stop loss point: 0.097 USDT (reason: higher than sell point 2, to prevent the price from continuing to rise after breaking through the key pressure level)
[Price trend analysis]
K-line pattern:
The recent K-line shows a continuous upward trend, especially the three positive lines from May 22 to 24, 2024, showing strong buying power. The highs of May 23 and 24, 2024 are close to 0.088, forming a short-term pressure level.
Technical indicators:
MACD: Both DIF and DEA are above the zero axis, and the MACD histogram continues to expand, indicating that the current market is in a bull market. RSI: The RSI14 value is 87.30929, entering the overbought range, but it is necessary to pay attention to whether it will continue to remain in the overbought area to confirm the strong trend. EMA: The price has broken through and moved away from EMA7, EMA30, and EMA120, showing a clear bullish trend. Both EMA7 (0.06505) and EMA30 (0.04343) diverged upward.
Volume:
The volume increased significantly from May 22 to 24, 2024, especially reaching 29283115179 on May 23, showing a large influx of funds. The increase in volume is consistent with the rise in prices, further confirming the current bullish trend.
