PSG Token: Will $3.90 Support Spark a Rally?

Key Levels Support Levels: - Primary Support at $3.90 : The chart indicates that $3.90 is a crucial support level. If this level fails, the next significant support is around $3.20. - Secondary Support at $2.86 : This level represents a previous significant low and can act as strong support if the price declines further. Resistance Levels: - Primary Resistance at $5.16 : This level acts as a near-term resistance. A breakout above this level could signal a potential uptrend continuation. - Secondary Resistance at $6.65 : This level represents a more substantial resistance zone that the price needs to overcome to establish a longer-term bullish trend. Patterns and Indicators Stochastic RSI: Overbought/Oversold Zones: The Stochastic RSI is a momentum indicator. Currently, it indicates an oversold condition around 11.92, suggesting a possible bullish reversal if the price respects the support level. Volume Analysis: Increased Volume: There's a noticeable increase in volume, which typically signifies growing interest and can precede significant price movements. Price Action and Forecast 1. Current Price Action : The price is currently around $3.997. It recently bounced off the support at $3.90, showing potential bullish strength. 2. If $3.90 Holds : A bounce from this level could see the price test the $5.16 resistance and potentially break higher towards $6.65. 3. If $3.90 Fails : A breakdown below $3.90 could lead to a decline towards $3.20, the next support level.