Silver Token $XAG has been showing quite an interesting trend recently. On the daily chart, the bullish pattern is solid, and the price has already broken above the moving average system. It recently surpassed the $92 mark, a key psychological level, and was continuing to rise in the early session.
But there are some nuances. The RSI indicator has already surged to 74.77, entering the overbought zone. Although the MACD red histogram is still releasing energy, indicating that the upward momentum hasn't fully exhausted, the problem is—under overbought conditions, the risk of a pullback is clearly increasing. This is why blindly chasing the top is not advisable.
From a technical perspective, short-term support is around $91.00-$90.45. If it drops there, don't panic; resistance above is at $94.60-$95.81. Breaking through this level could make $100 a real possibility. However, it’s common to see a pullback after a sharp rise in overbought conditions, so caution is necessary.
Personal advice? Use low leverage and hold larger positions for more stability. A big rally is always good, but don’t be greedy and chase the top. With proper risk management, the opportunities ahead are the real opportunities.
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TrustMeBro
· 01-14 23:51
RSI has already soared to over 74 and is still pushing higher. Isn't this asking for trouble? Haha
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OneBlockAtATime
· 01-14 23:49
XAG is indeed a bit hot right now, with RSI already at 74 and still pushing higher. This is the easiest time to get cut.
Chasers, be careful. When a pullback comes, it will happen quickly.
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GweiWatcher
· 01-14 23:49
Still chasing after such overbought levels? Buddy, RSI is already at 74, and you're still daring to push for the top?
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MevTears
· 01-14 23:47
RSI is already at 74, still dare to chase? This is a sign of cutting losses, buddy.
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rekt_but_vibing
· 01-14 23:30
The RSI of 74.77, this is really playing with fire... Brothers who chased the high in the early session, pay attention, a pullback is really coming.
Silver Token $XAG has been showing quite an interesting trend recently. On the daily chart, the bullish pattern is solid, and the price has already broken above the moving average system. It recently surpassed the $92 mark, a key psychological level, and was continuing to rise in the early session.
But there are some nuances. The RSI indicator has already surged to 74.77, entering the overbought zone. Although the MACD red histogram is still releasing energy, indicating that the upward momentum hasn't fully exhausted, the problem is—under overbought conditions, the risk of a pullback is clearly increasing. This is why blindly chasing the top is not advisable.
From a technical perspective, short-term support is around $91.00-$90.45. If it drops there, don't panic; resistance above is at $94.60-$95.81. Breaking through this level could make $100 a real possibility. However, it’s common to see a pullback after a sharp rise in overbought conditions, so caution is necessary.
Personal advice? Use low leverage and hold larger positions for more stability. A big rally is always good, but don’t be greedy and chase the top. With proper risk management, the opportunities ahead are the real opportunities.