The useless (useless) currency is organizing an attempt to recover, with the meme currency jumping 31% in the last 24 hours.
The price action highlights short -term optimism, although the broader perspective remains worrying. Weak entries suggest that investors are still cautious despite the sudden increase in value.
Useless currency does not get support
The mobile average convergence divergence indicator (MACD) shows that a possible bullish crossing is close to. If the MACD line crosses above the signal line, it would confirm a change at the time towards a positive trend.
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Such crossover would indicate that the broader market signals support Altcoin. This could help use your current rally and possibly attract new buyers. The increase in demand in the next few days can provide additional impulse, helping meme currency in the highest level of resistance levels.
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Despite the recent jump, the Chaikin money flow indicator (CMF) points out the underlying weakness. Currently sitting under the zero line in negative territory, highlights the limited participation of investors and weak tickets.
The lack of new capital tickets remains harmful to long -term growth. Without constant purchase pressure, the alternative runs the risk of stagnating. The weak feeling suggests that useless can fight to maintain an impulse unless the broader market conditions improve significantly in the short term.
The useless price needs a thrust
At the time of writing this article, useless is quoted at $ 0.208, having turned $ 0.185 in support after its 31%increase. The next resistance is at $ 0.230, a key barrier that the meme coin must exceed.
Given the current technical signals, useless can find it difficult to violate $ 0.230. If the feeling of investors does not improve, consolidation below this resistance level seems likely.
On the other hand, if market conditions become favorable, useless could exceed $ 0.230 and ensure it. This rupture would pave the way for an increase in $ 0.292, invalidating the bassist thesis and reinforcing the bullish impulse.
