Sanaz Rostami
@sanazrostami
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The market is showing a clear upward trend. On January 17th at 1:30 (UTC), a breakthrough upward surge occurred, followed by a series of bullish candlesticks, indicating strong upward momentum. Key price levels: Support at 97,500 and 99,000, resistance at 100,500 and 101,900. Technical indicators are broadly bullish: the moving averages are in a bullish alignment, with the short-term moving average (100,804.99) above the long-term moving average (100,213.77); the MACD indicator's DIF (393.3) and DEA (218.7) are continuing to diverge, and the histogram (174.6) is expanding. Trading volume is supporting the uptrend, with increased volume (up to 75.57 coins) during the upswing and contraction during pullbacks, which is characteristic of a strong trend. It is recommended to maintain a bullish bias, but be cautious of potential pullback risks as the price approaches the 101,900 resistance level 3 replies
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