Technical Analysis of top gainers
• Current Price: 0.1048
• 24h Change: +21.72%
Analysis Approach:
Resistance & Support Levels: Look for recent price trends to identify strong support at lower levels and resistance around recent highs.
Momentum Indicators: Use RSI or MACD to check if the coin is overbought (which may indicate a pullback) or oversold (possible continuation)
Volume:
Check for rising volume as confirmation of the price rise. A strong surge in volume usually signals sustained momentum
• Current Price: 0.06251
• 24h Change: +14.17%
Analysis Approach:
Trendlines: Draw uptrend and downtrend lines to see if it's breaking out of any significant resistance zones
Moving Averages:
Use 50-day and 200-day moving averages to assess longer-term trends. If the price has crossed the 200-day MA, it could indicate a bullish breakout
Bollinger Bands:
Check for any squeezing of the bands which may indicate a potential volatility increase
$FET (Fetch.AI)
• Current Price: 1.290
• 24h Change: +12.66%
Analysis Approach:
Fibonacci Retracement:
If FET has rallied recently, measure key retracement levels to spot potential pullback zones
RSI:
Ensure that RSI is not approaching extreme levels (70 or higher indicates overbought, 30 or lower indicates oversold)
Volume Profile:
Watch for high volume to confirm price action. If there's divergence (price rising, volume decreasing), it could signal a weakening trend
