– Trading within a narrow range, slight upward bias
Narrow consolidation near $1.00.
Moving averages converge
– Potential short-term push.
$XUSD USDT remains confined within a narrow range between $0.9996 and $1.0002, reflecting a typical stable price movement of the stablecoin. However, the recovery of all major moving averages (7, 25, 99) on the 4-hour chart shows a slight upward bias, indicating that it may test the $1.0000 mark again strongly.
Long entry: 0.9997 – 0.9999
Targets (TP): 1.0001 / 1.0002
Stop Loss (SL): 0.9995
The decrease in volatility makes it ideal for quick trades or arbitrage setups. Monitor trading volume closely for any sudden breakout attempts.