Technical Buyers Drive Market Momentum

Technical Buyers Drive Market Momentum

Crypto analyst Crypto Eagles indicates that technical configuration for it has moved in favour of the bulls. From the $3.20 order block, the currency has rallied, overcoming past market structure and closing significant fair value holes. Recent price movement is continuing on track toward the $4.20–$4.46 supply area.

From this analysis, a break above this region would push the coin significantly toward $4.60 or better. The break would most likely come from technical buyers who are looking for where the next resistance will be as well as speculative buying if there is an acceleration in momentum.

Even as near-term sentiment is bullish, investors are vigilant regarding reversals should supply zone resist and selling pick up.