The latest series of prices between economic superpowers has particularly affected assets linked to technology, with close close close to nearby protocols
Take significant price volatility in the midst of uncertainty.
Meanwhile, central banks are sailing in a complex landscape of slowing down growth and persistent inflation problems, creating a difficult environment for traditional and digital asset markets.
Technical analysis
- A significant volume increase occurred during the period from 1:00 p.m. to 15:00 when the price broke out above the resistance level of $ 2.53, a volume exceeding 3 million units in consecutive hours, confirming a strong conviction for buyers.
- The price action has formed a cutting and sleeve model with support established at $ 2.49 at $ 2.50, while late session recovery from the drop of 9:00 p.m. suggests a renewal of purchasing interest.
- During the last hour, near the USD continued its bullish momentum with a significant price increase of $ 2,541 to $ 2,562, which represents an increase of 0.82%.
- A notable escape occurred at 01: 25-01: 26 when the price exceeded $ 2.55 with a volume greater than 116,000 units, confirming a strong conviction for buyer.
- The hourly graph shows the formation of an ascending channel with a support at $ 2,547 and resistance at $ 2,562, suggesting a potential continuation to the range of $ 2.58 to $ 2.60 if the current dynamics persist.
