$DENT
AI Analysis: $DENT/USDT
Entry Price: 0.000255–0.000262
Target Price:
- TP1: 0.000280
- TP2: 0.000305
Stop Loss Price: below 0.000240
Reasons to Buy:
1. Pattern Confirmation:
- Daily level forms a "double bottom" reversal structure (neckline at 0.000280), bottom depth 0.00004 (0.000240-0.000280)
- Measured increase = bottom depth × 1.618 = 0.000064 → Target Price 2 = 0.000240 + 0.000064 = 0.000304 (actual rounded to 0.000305)
2. Trend Structure:
- Weekly level breaks the 2024 descending trend line (0.000305→0.000280 connection), price above MA(50) 0.000258
- RSI(14)=62 (strong area), MACD red bars expanding shows increased bullish strength
3. Market Sentiment:
- 0.000240 area shows a "panic sell-off - stepwise absorption" volume-price combination
- Continuous 5-day closing prices stabilize at 0.000255 (historical support + Fibonacci 38.2% retracement level)
4. Indicator Validation:
- OBV indicator reaches a new high for 2024, showing capital inflow
- Funding rate +0.185% (positive for 8 consecutive days), futures open interest exceeds 120 million USD
- On-chain data: net flow from exchanges -120 million coins, whale holdings increase by 35%
This content is for reference only and should not be considered as investment advice.