The $S rally shows strength, up 57.742% over seven days and 19.77% in the past 24 hours. This move is supported by heavy volume, 2.255 times its seven-day average.
Price sits at 0.06888, which is 6.831% below its 7-day high of 0.07393. The 14-hour RSI is 70.3. This suggests strong momentum but also that $S is in overbought territory in the short term. Bitcoin is also performing well, up 0.98% today, providing a good market backdrop.
I am bullish on $S . The volume confirms the recent price action. This view would shift if $S falls and closes below 0.065. I will watch for sustained price above this level or a push past the 7-day high on continued strong volume.
#AltcoinSeason #VolumeAnalysis
Price sits at 0.06888, which is 6.831% below its 7-day high of 0.07393. The 14-hour RSI is 70.3. This suggests strong momentum but also that $S is in overbought territory in the short term. Bitcoin is also performing well, up 0.98% today, providing a good market backdrop.
I am bullish on $S . The volume confirms the recent price action. This view would shift if $S falls and closes below 0.065. I will watch for sustained price above this level or a push past the 7-day high on continued strong volume.
#AltcoinSeason #VolumeAnalysis