📈 Technical Analysis — USTC/USDT (1h)
Current price: $0.01114
Variation: +6.60%
⸻
🔍 Scenario Summary
• Maximum in 24h: $0.01245
• Minimum in 24h: $0.00906
• Trend: Strong uptrend, with a correction beginning
⸻
📊 Technical Indicators
1. Moving Averages
• MA(7): $0.01097
• MA(25): $0.01014
• MA(99): $0.00980
🔸 The price broke above the moving averages, indicating buying strength. The MA7 is becoming a dynamic support.
2. RSI (Relative Strength Index)
• RSI(6): 59.34
• RSI(12): 60.85
• RSI(24): 58.62
🔸 RSI is balanced, not overbought yet, which allows for more upside, although a correction is underway.
3. Volume
• Increase in volume on the breakout followed by a drop — typical profit-taking movement.
⸻
📌 Technical Points
• Immediate resistance: $0.01245 (recent peak)
• Strong support: $0.01097 (MA7)
• Additional support: $0.01025 (previous breakout level)
⸻
✅ Conclusion
USTC had a strong breakout above $0.01025, with good volume and RSI still healthy. The current candle shows immediate continuation rejection, indicating a pullback.
🔁 Possible strategy:
If the price corrects to MA7 (~$0.01097) and holds, it could be a reentry point.
If it loses MA7 strongly, it might test the $0.01025 region.
General scenario: valid uptrend, but in a process of technical adjustment. Good opportunity if it maintains the dynamic support.
