$CREAM /USDT showing consolidation, breakout on the horizon

$CREAM /USDT is currently trading at $5.35, down 0.93% over the last 24 hours, after testing a low of $5.11 and hitting a high of $5.76. The price appears to be consolidating, with signs of a potential breakout.

Key Market Data

Current Price: $5.35

24H High: $5.76

24H Low: $5.11

24H Volume: 423,012.30 CREAM / 2.26M USDT

Support and Resistance Levels

Support Levels:

$5.20 – Initial support zone

$5.10 – Stronger support

Resistance Levels:

$5.50 – Initial resistance

$5.75 – Key breakout zone

$6.00 – Extended bullish target

Trade Setup and Targets

Entry Zone: $5.20 – $5.35, an optimal range for accumulation

Target Points:

TP1: $5.50 – Initial target

TP2: $5.75 – Strong breakout zone

TP3: $6.00 – Higher target with bullish confirmation

Stop Loss: $5.10 to mitigate further downside

Market Sentiment and Indicators

STOCH RSI at 48.36 and MASTOCH RSI at 40.62 indicate neutral momentum, suggesting consolidation with potential for upward movement.

Buy pressure at 66.82%, reflecting growing bullish interest.

CREAM/USDT is in a consolidation phase, and a breakout above $5.50 with strong volume could push the price toward higher resistance zones.

Pro Tip

Look for a 15-minute candle close above $5.50 to confirm a bullish breakout.

CREAM/USDT is forming a potential bullish setup, and a breakout from the current consolidation could pave the way for a move toward higher price targets.