

The asset is showing signs of recovery as it attempts to establish a new uptrend.
Current technical indicators suggest potential bullish momentum.
There doesn't appear to be any strong, classic candlestick patterns like a bullish engulfing or doji recently.
The trend seems to be forming a potential higher low, which could indicate a possible short-term uptrend.
Key breakout zone around 4120, aligning with previous resistance levels.
There's a recent bullish crossover of the MACD line over the Signal line, suggesting potential bullish momentum.
The MACD histogram is in positive territory, indicating increasing bullish momentum.
No significant divergences between MACD and price action at this time.
Volume has been relatively steady with no major spikes recently.
Volume does not strongly confirm the bullish move; a stronger volume would be ideal.
No unusual volume spikes observed recently.
Key support around 4040, acting as a recent floor.
Key resistance around 4120, if broken, could lead to further upside.
The asset is attempting to recover from previous declines and establish new uptrend levels.
Consider buying if the price breaks above 4120 with strong volume.
Watch for confirmation through continuation patterns or significant volume spikes.
Monitor for potential reversal signals if price struggles to break resistance.