Technical Analysis of $FXS /USDT (A Quick Overview from the Enthusiastic Trader)
The FXS currency has experienced a sharp increase, rising to $3.24 (+9.72%), firmly placing itself in the spotlight of every adventurous trader. The currency's breakout above the key resistance level at $3.00, recording a 24-hour high of $3.284, confirms the strong bullish trend. With trading volume rising by 1.47 million FXS and 4.59 million USDT, liquidity is flowing rapidly, indicating that major investors are eyeing this move. Liquidity trading is gaining momentum again, making FXS not just a trade, but a potential trend leader.
The next resistance is around $3.40, while the support level remains strong at $2.91, creating an ideal trading range for swings. Momentum across timeframes from 15 months to 4 hours shows intense buying, and deep price rejections below $3.00 indicate significant accumulation. On the Binance platform, demand zones (from $3.010 to $3.317) are rising, while the number of sellers is declining, suggesting a possibility of the price reaching $3.60 or more. Traders, prepare yourselves well - don't miss this breakout!