The Bollinger Bands for the pancake are currently narrowing overall, with strong support at the lower band. If it stabilizes at the middle band, the upward space will directly open.
On the moving averages, MA7 has crossed above MA30, indicating a clear signal of a strengthening short-term trend. The price has successfully stabilized above both the MA30 and EMA30 moving averages, while EMA7 is closely following the coin price, forming dynamic support. Overall, the arrangement of moving averages is shifting from a bearish to a bullish pattern.
Although the MACD indicator is still below the zero axis, the downward momentum continues to weaken, and the fast and slow lines are showing a converging posture at low levels. A golden cross pattern is brewing below the zero axis.
It is recommended to go long around 90700 and 91200, with an initial target of 93600 and a breakout target of 96800.
