After days of sluggish movement, LA/USDT has finally broken out in style now. Currently, the pair trades near $0.3656, and the pair sees strong green candles plus healthy trading volume which signals that momentum buyers arrive.
A recent local high marks the location of the first hurdle at a price from $0.3730 to $0.3750. The next upside target could be $0.3800 – $0.3840 if bulls push through as well as hold above this zone, to be followed by the stronger resistance area at $0.3920 – $0.3950 a price level last seen in July. $0.4050 – $0.4100 might be relevant during a lasting rise with volume increasing.
Conversely, $0.3500 – $0.3520 acts as a safety net from past resistance while $0.3600 is found as the nearest intraday support. A deeper dip could test $0.3400, if it occurs. Another possibility is the $0.3200 – $0.3220 long-term defense zone.
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Technically, overall remains bullish since the price is above major moving averages. Another leg up also might just follow after a sustained close above $0.3750. However, a sharp pullback could occur if $0.3600 fails to hold.
