📊 1. Trend and moving averages
Red line (SMA 10) – short-term, currently rising, which suggests upward momentum.
Green line (SMA 20) – also in the upward trend and below the price – dynamic support.
Blue line (SMA 50/200) – probably SMA 50 or 200 – the price has broken through it from below and is currently above it – this is a pro-growth signal.
📌 Conclusion: In the short and medium term, a reversal of the trend to growth is visible.
📈 2. MACD (Moving Average Convergence Divergence)
The MACD line has crossed the signal line from below, which is a buy signal.
The MACD histogram is rising and is above zero – further confirmation of the upward trend.
📌 Conclusion: The upward momentum is increasing.
💪 3. RSI (Relative Strength Index)
RSI is currently at ~62, which means that:
We are still ahead of the overbought zone (70).
RSI is rising – it suggests bullish buyer pressure.
📌 Conclusion: There is still room for further growth before the market is overbought.
🔍 4. Market structure and resistance/support
The price is in the 2.30–2.35 USDT zone, which previously acted as resistance.
The closest resistance is around 2.38–2.40 USDT – the level from May, where the decline occurred.
The closest support is around 2.20 USDT (in line with the green SMA) and stronger at 2.05–2.10 USDT (earlier consolidations).
📌 Conclusion: Breaking 2.40 opens the way to a test of 2.50 and above.
🧠 Technical Summary
Aspect Rating
Trend (SMA) ✅ Up
MACD ✅ Buy
RSI ⚠️ Near overbought
Resistance/Support ⚠️ Resistance at 2.38–2.40
Movement Potential ✅ To 2.50 or higher
📌 Potential scenarios:
✅ Bullish (uptrend scenario)
A hold above 2.30 and a breakout of 2.40 could give an impulse for further gains towards 2.50–2.60.
Strong confirmation would be an increase in volume.
⚠️ Bearish (correction scenario)
A rejection from 2.38 and a drop below 2.20 could initiate a retest of support at 2.05 or even 1.95.
Red line (SMA 10) – short-term, currently rising, which suggests upward momentum.
Green line (SMA 20) – also in the upward trend and below the price – dynamic support.
Blue line (SMA 50/200) – probably SMA 50 or 200 – the price has broken through it from below and is currently above it – this is a pro-growth signal.
📌 Conclusion: In the short and medium term, a reversal of the trend to growth is visible.
📈 2. MACD (Moving Average Convergence Divergence)
The MACD line has crossed the signal line from below, which is a buy signal.
The MACD histogram is rising and is above zero – further confirmation of the upward trend.
📌 Conclusion: The upward momentum is increasing.
💪 3. RSI (Relative Strength Index)
RSI is currently at ~62, which means that:
We are still ahead of the overbought zone (70).
RSI is rising – it suggests bullish buyer pressure.
📌 Conclusion: There is still room for further growth before the market is overbought.
🔍 4. Market structure and resistance/support
The price is in the 2.30–2.35 USDT zone, which previously acted as resistance.
The closest resistance is around 2.38–2.40 USDT – the level from May, where the decline occurred.
The closest support is around 2.20 USDT (in line with the green SMA) and stronger at 2.05–2.10 USDT (earlier consolidations).
📌 Conclusion: Breaking 2.40 opens the way to a test of 2.50 and above.
🧠 Technical Summary
Aspect Rating
Trend (SMA) ✅ Up
MACD ✅ Buy
RSI ⚠️ Near overbought
Resistance/Support ⚠️ Resistance at 2.38–2.40
Movement Potential ✅ To 2.50 or higher
📌 Potential scenarios:
✅ Bullish (uptrend scenario)
A hold above 2.30 and a breakout of 2.40 could give an impulse for further gains towards 2.50–2.60.
Strong confirmation would be an increase in volume.
⚠️ Bearish (correction scenario)
A rejection from 2.38 and a drop below 2.20 could initiate a retest of support at 2.05 or even 1.95.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.