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Summary
• Price formed a bullish engulfing pattern near 3.592 after a consolidation phase.
• RSI shows moderate momentum with no overbought or oversold signals.
• Volume spiked at key support levels, suggesting increased buyer activity.
• Price hovered near the upper Bollinger Band during midday, indicating elevated volatility.
• Fibonacci 38.2% level at 3.586 appears to offer temporary resistance during afternoon sell-offs.

Bollinger Bands expanded during the afternoon with price briefly touching the upper band, indicating increased volatility. The 3.584 close fell near the 61.8% Fibonacci retracement level of a prior 5-minute rally, suggesting a potential area of accumulation. The 200-period moving average sits at 3.587, acting as a psychological level for possible near-term direction.
The market may test key Fibonacci and moving average levels over the next 24 hours, with 3.585–3.590 likely to be pivotal for direction. Investors should remain cautious of potential pullbacks if volume fails to confirm a breakout.
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