#Gate June Transparency Report#

CUSDT/USDT :
$C
Chart Overview:
Exchange: getio
Timeframe: 1-hour
Current Price: $0.30917
Change: +5.20%

Price Action:
Downtrend Broken: A clear downtrend line has been broken, indicating the end of the recent bearish phase.

New Uptrend Forming: The price has formed a higher low and is currently pushing up in a new bullish channel, signaling potential upside continuation.

Key Resistance Ahead: Around the $0.35–$0.40 level, which acted as resistance in the previous rally — this will be a critical zone to watch.

Indicators:
RSI (Relative Strength Index):
Current RSI: 58.92
RSI is rising and approaching the overbought territory but still has room to go higher.

Bullish Signal: RSI has crossed above its moving average, supporting the upward price momentum.

Key Levels:
Immediate Support: ~$0.28 – recent breakout zone.
Immediate Resistance: ~$0.35 – previous high before the downtrend.

Breakout Target: If the price breaks $0.35 with volume, next target could be around $0.45–$0.50.

Conclusion:

Bullish Reversal Confirmed – the chart has broken out of the downtrend with increasing bullish momentum.
Watch for Volume Confirmation – to validate the new uptrend, keep an eye on increasing buying volume as price approaches $0.35.

Ideal for Short-Term Traders – possible entry on dips toward $0.29–$0.30 with targets near $0.35+.