Technical analysis by potfew345 about Symbol REEF: Buy recommendation (10/16/2024)

Price Analysis: The price has bounced from a weak low support near 0.0022 USDT, showing signs of bullish divergence on both the RSI and MACD indicators. This suggests that momentum is slowing down on the downside.Potential Targets: If the bullish divergence plays out, a short-term recovery could push the price to resistance levels at around 0.00265 USDT and 0.00400 USDT. A more significant move could target the 0.0067 USDT area, but confirmation from market structure would be needed for further upside.Forecast: A likely short-term bounce can occur toward 0.0026 USDT in the coming sessions, with stronger momentum needed to break further resistances. Keep an eye on the volume and momentum to confirm a breakout.