Threshold Price Surges by Over 19% As It Hits Cycle’s Golden Ratio

• Threshold price analysis shows it broke above the golden ratio of the existing cycle, signaling a further bullish surge.
• Over 19% price increase was observed in the last 24 hours and investors are looking for higher highs in the coming days.
• Threshold prices are facing resistance at the $0.05785 level and a break above this could indicate further bullishness.

The recent Threshold Price (T) price analysis shows the altcoin is trading in a bullish continuation pattern after breaking above the key resistance of $0.05062 and hitting the Cycle’s Golden Ratio of $0.05206 where it is trading at the moment. This has triggered a 19% surge in prices over the past 24 hours and investors are looking for further upside potential as demand continues to increase.

At this juncture, Threshold is facing resistance at the $0.05785 level which could be a crucial level to watch out for in the near term. If the prices break above this level, it could signal a further bullish surge in Threshold prices.

Threshold recently broke above its 200-day MA on the 1-day chart for the first time ever and within one day of doing this, it hit the 0.618 Fibonacci retracement level of the bear cycle. This truly marks the commencement of an incredible bull cycle, with RSI almost reaching 95.000 – suggesting that the altcoin is in an incredibly overbought condition right now.

As we anticipate a reversal of the Golden Ratio, it could potentially extend down to 0.382 Fib level or lower. This area between $0.382 and $0.03200 was historically a significant demand zone from May until August, showing its technical significance as an effective support level for investors’ investments in this sector during those months.

Looking at the technical analysis of the 4-hour and hourly timeframes, it appears that the short-term momentum is still overwhelmingly bullish. However, with RSI indicators all above 55, we could expect some kind of a small retracement in the short term – which might be necessary for fresh buyers to enter the market and keep pushing prices higher.

The momentum oscillators suggest that the price could go a lot higher in the short to medium term. The SMA 200 is also above the current price, which could add an extra layer of support – hence preventing a massive pullback while the Exponential Moving Average (EMA) 10 is above the EMA 50, which suggests that an uptrend could still be sustained in the near future.

Further technical analysis indicates the buying spree is increasing as indicated by the Chaikin Money Flow (CMF). It is currently in the green and has been giving a buy signal consistently since the start of the year. This could represent strong buying pressure, which could increase its chances of achieving further gains in the coming days.

In conclusion, Threshold appears to be forming a bullish continuation pattern after breaking above the key resistance of $0.05062 and hitting the Cycle’s Golden Ratio of $0.05206. With resistance at the $0.05785 level, a break above this could lead to further gains in the near future.

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