🔢 Fundamental Data:
Current Price: 0.09985 USDT
24-hour increase: +13.83%
Highest Price: 0.10899
Lowest Price: 0.08627
24-hour Trading Volume: 741.67M SAHARA
📊 Technical Indicators Analysis:
✅ 1. Exponential Moving Averages (EMA):
EMA(7): 0.10223
EMA(25): 0.09811
🔎 Reading:
The price is below EMA7 but above EMA25 ➤ This may indicate the beginning of a slight correction within an upward trend.
There is still a positive crossover from EMA7 above EMA25, indicating that the upward trend has not yet been broken.
✅ 2. Relative Strength Index (RSI):
RSI(6): 43.74 ➤ Temporary weakness in momentum
RSI(14): 52.86 ➤ Neutral Zone
RSI(24): 50.94 ➤ Almost neutral
🔎 Reading:
There are no overbought (buy) or oversold (sell) indicators, but there is a slowdown in upward momentum that may lead to a slight pullback before resuming the trend.
📉 Price Action Reading:
🔴 The price retraced from a peak of 0.10899 and the appearance of red candles indicates profit-taking.
🔴 A local support was formed at 0.08627, now considered an important monitoring level.
🔴 The price is currently fluctuating around 0.10, which is a psychological and technical resistance area.
🔍 Trading Volume:
We notice a clear increase in volume during the rise, followed by a decrease in volume with the correction, which is natural and healthy behavior in upward trends.
🧭 Short-term Currency Direction (1-6 hours):
🔼 Bullish Scenario (If momentum is regained):
🔴 Stability above 0.100 then breaking 0.104 – 0.108 gives an opportunity to return to test 0.13 then 0.158.🚀🚀🚀
🔴⚠️ The price needs clear support from RSI > 55 and increased trading volume.
🔽 Bearish Scenario (Possible Correction):
🔴 Breaking 0.095 then 0.092 leads to visiting the support level 0.08627.
⚠️⚠️ If broken, we may see a test at 0.078 or lower.
✅ Recommendations for Short Traders:
Buy (Speculation): If the hourly candle closes above 0.1025 firmly.
Stop Loss: Below 0.091
Nearby Targets:
First Target: 0.108
Second Target: 0.13🔥🔥🔥🔥🔥🔥
📌 Summary:
🎯 General Trend: Upward🚀🚀, but there is natural correction and profit-taking.
🎯Technical Momentum: Currently stable, awaiting a new breakout or support.
⚠️⚠️Advice: Monitor the level 0.095 – 0.100 closely, as it is the dividing line between continued rise or beginning of deeper correction.
