- The form exceeds the resistance of $ 2.24 with a strong dynamic, reaching summits of several weeks almost $ 2.60.
- MacD shows a bullish crossing while RSI at 75.29 indicates high purchase pressure.
The cryptocurrency of form obtained a major bullish escape on the 4-hour table, which made its highest levels reach in a few levels. The form experienced a strong ascending movement at the beginning of May after spending most of April between $ 2.00 and $ 2.30 before reaching its current $ 2.37 price.
The price has crossed the point of resistance of $ 2.24, which had previously restricted prices progress since mid-April. This escape occurred in parallel with the increase in the commercial volume, which indicated a robust market demand. The price of the form reached $ 2.60 briefly, but the traders launched for profit, which caused a brief correction of the market.
According to Coinmarketcap The data, at the time of writing, Four Prix is negotiated at $ 2.47 with an intrajournual wave of 6%, indicating optimization. The daily trading volume jumped 319%, suggesting a presence of buyers.
What is the next step in four (shape) the price?
The MacD shows a bullish crossing when the MacD line crosses the signal line. The MacD histogram bars are expanding while guessing green. The mudum bullish of the form continues to intensify according to this technical indicator. The current value of the MACD index of 0.1034 shows a strong upward trend because it has been negotiated in the upward area.
RSI amounts to 75.29, which indicates an area approaching the surachat. The bullish momentum does not show any signs of weakening according to the ascending trajectory of the RSI line, even if an upcoming correction cannot be excluded. 14 Sma Line maintains an upward direction at 68.11, which demonstrates a robust bullish market feeling.
Investors must monitor three areas of support, starting with the newly formed support area at $ 2.24, followed by $ 2.09 and $ 1.92. The price of form recently grown at $ 2.60 operates as an immediate barrier, while psychological levels at $ 2.50 and $ 2.75 will be essential if the upward trend continues.
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