BEAT/USDT has surged significantly in the past 24 hours, with an increase of over 32%. The current price is 2.9011, positioned near the upper end of the 2.06-3.21 range. From the 1-hour candlestick chart, a clear short-term upward trend is evident, with MA5, MA10, and other moving averages supporting the upward movement. Trading volume has also increased alongside the price rise, indicating strong bullish sentiment.
However, attention to detail is necessary: the MACD indicator has shown a slight divergence between DIF and DEA, and the price is approaching the previous high of around 3.21, which may exert some resistance and lead to a pullback. Additionally, its 24-hour trading volume is only 16.03 million USD, indicating medium liquidity, and the risk of slippage during large fluctuations is relatively high.
Overall, the short-term outlook is somewhat bullish, but divergences are beginning to appear. It is recommended to monitor the breakout of the 3.21 resistance level; if it fails to hold, a pullback is likely.
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LuQiyuan
· 12-18 19:07
This generation that relies on copying and looking at moving averages is over. During the OM collapse, no moving average was useful.
BEAT/USDT has surged significantly in the past 24 hours, with an increase of over 32%. The current price is 2.9011, positioned near the upper end of the 2.06-3.21 range. From the 1-hour candlestick chart, a clear short-term upward trend is evident, with MA5, MA10, and other moving averages supporting the upward movement. Trading volume has also increased alongside the price rise, indicating strong bullish sentiment.
However, attention to detail is necessary: the MACD indicator has shown a slight divergence between DIF and DEA, and the price is approaching the previous high of around 3.21, which may exert some resistance and lead to a pullback. Additionally, its 24-hour trading volume is only 16.03 million USD, indicating medium liquidity, and the risk of slippage during large fluctuations is relatively high.
Overall, the short-term outlook is somewhat bullish, but divergences are beginning to appear. It is recommended to monitor the breakout of the 3.21 resistance level; if it fails to hold, a pullback is likely.