Crypto Express

07/24 02:32

SPK : RSI Has to Lead for the Breakout to Stick

We analyse the 1‑hour Relative Strength Index (RSI) because this move is news‑driven and momentum shifts quickly at that scale. Plus, the hourly view can help foresee any trend before it moves to the daily or even the 4-hour timeline.

Last time, between July 21 and 22, RSI made a higher high right as price nudged up, and that alignment kicked off the bigger rally.

Right now, Spark Price is hugging the top of an ascending wedge, but RSI is stuck around 80 without taking out its last peak. Price zone is the same, but the momentum is weaker.

For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

If RSI cannot print a higher high with price, a dip is more likely to occur.

RSI (Relative Strength Index) scores the strength of recent moves from 0 to 100; when price is flat or rising but RSI fades, momentum is not backing the push.

#Justin Sun's 35th Birthday Bash#Claim1,200 USDT in the Monthly Creation Challenge#Focus on NFT#Do you think Tanssi is promising? #HTX Crypto Gifts Carnival Is Live!

73Share