Here is a short, concise technical analysis of the BILL/USDC 4-hour chart from Binance:
## Current Market Structure
Price Action: BILL has found a solid local bottom at $0.067420 and is currently on a strong recovery trend, trading at $0.11222 (+15.23%).
Moving Averages (MA): The price has cleanly crossed above the short-term 7-period MA ($0.1059) and the 25-period MA ($0.0899), shifting the short-term momentum to Bullish. However, it is approaching the long-term 99-period MA ($0.1313), which will act as major overhead resistance.
Supertrend: The Supertrend indicator has flipped to green at $0.081497, giving a strong buy/continuation signal.
Volume: A healthy surge in green buying volume supports this upward move, confirming genuine interest rather than a fakeout.
## Next Expected Movements
Immediate Bullish Target: The asset is testing local resistance around the current price zone ($0.112 - $0.115). If it breaks out, the next key target is the 99-day MA around $0.1313, followed closely by the psychological resistance at $0.1392.
Bearish / Retest Scenario: If it gets rejected at the current level, look for a minor healthy pullback to retest the 7-period MA or the Supertrend line between $0.105 and $0.088 before attempting another push up.
