AEVOUSDT.P - Bullish Momentum Taking Shape
- **Momentum Development**: While not in its earliest stage, the breakout above the **20-day MA** is gaining traction. The **50-day MA** is flattening, providing a stable platform for upward movement.
- **Indicators Supporting the Trend**:
- **RSI**: At **63.40**, confidently in bullish territory with room to grow.
- **MACD**: Positive crossover confirmed with expanding histogram bars, signaling increasing momentum.
- **OBV**: Uptrend continues, reflecting consistent accumulation by buyers.
- **Volume Confirmation**: Rising volume on green candles further validates the bullish bias.
- **Key Levels**:
- **Support**: $0.3190 (previous resistance turned support).
- **Resistance**: $0.3878 (short-term) and $0.5215 (major).
**Conclusion**:
AEVOUSDT.P is progressing steadily in its bullish shift. A confirmed move above **$0.3878** would open the door to testing **$0.5215**. Momentum is aligning, but sustained volume is key to maintaining the uptrend.
- **Indicators Supporting the Trend**:
- **RSI**: At **63.40**, confidently in bullish territory with room to grow.
- **MACD**: Positive crossover confirmed with expanding histogram bars, signaling increasing momentum.
- **OBV**: Uptrend continues, reflecting consistent accumulation by buyers.
- **Volume Confirmation**: Rising volume on green candles further validates the bullish bias.
- **Key Levels**:
- **Support**: $0.3190 (previous resistance turned support).
- **Resistance**: $0.3878 (short-term) and $0.5215 (major).
**Conclusion**:
AEVOUSDT.P is progressing steadily in its bullish shift. A confirmed move above **$0.3878** would open the door to testing **$0.5215**. Momentum is aligning, but sustained volume is key to maintaining the uptrend.
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