$IQ / USDT ā Showing Signs of Recovery, Can It Push Higher? š¤
$IQ / USDT is currently trading around $0.004403 on Binance, showing a slight positive move after some recent dips. Let's analyze if it has the potential for further gains.
Key Observations:
* Bouncing back from the $0.00430 zone, indicating some buying interest.
* Currently trading below the recent high of $0.004523, which could act as near-term resistance.
* Trading volume appears moderate.
Potential Scenarios:
* Push Towards Resistance: If the current momentum continues, IQ could aim to retest the $0.004450 - $0.004500 resistance area.
* Consolidation: We might see a period of consolidation in the current range before a clear direction emerges.
* Potential Pullback: Failure to break through resistance could lead to a retest of lower support levels around $0.004350.
Key Levels to Watch:
* Resistance: $0.004450 - $0.004500 zone, $0.004523 (24h High).
* Support: $0.004350, $0.004300.
Remember to always trade with caution and conduct your own thorough analysis before making any trading decisions. Stay informed!
