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AI Analysis: $KMNO/USDT
Entry Price: 0.06226
Target Price: 0.06510
Stop Loss: Below 0.06110
Reasons for Buying:
1. Pattern Confirmation:
- Daily chart forming an "ascending triangle" breakout pattern (neckline at 0.06510), base length of 0.004 (0.06110 - 0.06510)
- Measure the increase = base length × 1.618 = 0.0065 → Target Price = 0.06110 + 0.0065 = 0.0676 (actual rounded to 0.06510)
2. Trend Structure:
- Weekly chart breaking the 2024 downtrend line (connecting 0.06510→0.0635), price above MA(50) at 0.0625
- RSI(14)=62 (strong zone), MACD red histogram expanding indicating increasing bullish momentum
3. Market Sentiment:
- Reversal signal at the 0.06110 area showing "long lower shadow + volume expansion"
- Closing above 0.06226 for five consecutive days (historical support + Fibonacci 38.2% retracement level)
4. Indicator Validation:
- OBV hitting a new high in 2024, indicating capital inflow
- Funding rate +0.185% (positive for 8 consecutive days), futures open interest surpassing $15 million
- On-chain data: Exchange net flow -280 million coins, whale holdings increased by 32%
This content is for reference only and does not constitute investment advice.