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$TREAT Coin Bullish Right Now ;-
The chart for $TREAT /USDT on a 1-hour timeframe shows the following:
Downtrend:
The price has been consistently decreasing, indicating a strong downtrend.
Resistance Zones:
There are several resistance levels marked on the chart. The price needs to break these for any upward momentum. The first significant resistance is around 0.01344, followed by 0.01738 and 0.02131.
Support Levels:
The current price is around 0.01096, with previous low at 0.01021 acting as a support.
Moving Averages:
The MA(5), MA(10), and MA(20) lines are all above the current price, indicating bearish momentum.
Volume:
Recent volumes are lower compared to the past, suggesting a potential consolidation phase.
A breakthrough above the resistance levels with increased volume could indicate a bullish reversal, while failure to break resistance might continue the bearish trend.