SNXXUSDT is showing strong bullish momentum after a sharp breakout. The current price is around 4.52.
š¹ Current Price: 4.52
š¹ EMA 7: 4.20
š¹ EMA 25: 3.86
š¹ EMA 99: 5.60
š¹ RSI: 79
š¹ Previous High: 7.17
š¹ Recent Low: 2.93
š Pullback Levels:
ā¢ 4.20ā4.15 ā first support
ā¢ 3.96ā3.86 ā stronger support / EMA25 area
ā¢ 3.60ā3.45 ā deeper pullback zone
ā¢ 2.93 ā major support
š Bullish Scenario:
If price holds above 4.20 and continues upward, the next major target is the EMA99 around 5.60.
A confirmed break above EMA99 could open the way toward:
5.60 ā 6.45 ā 7.17
A strong 4H close above 7.17 would be an important breakout confirmation and could signal further upside.
ā ļø RSI is already around 79, so the market is overheated in the short term. A pullback or consolidation before another move higher would be healthy.
My view: bullish momentum remains strong, but I would prefer confirmation and a controlled pullback rather than chasing the current price.