🚨 $S/USDT Price Analysis: Consolidation Phase with Critical Levels to Watch 🚨
Current Price: $0.7791 (+11.40% in 24 hours)
24H High: $0.8480
$S is consolidating near its support levels after a significant gain, suggesting potential volatility in the near term.
Key Levels to Watch
Resistance Levels:
1. $0.8000 – Immediate resistance for short-term bullish momentum.
2. $0.8200 – A critical medium-term resistance zone.
3. $0.8500 – Major breakout level for further bullish continuation.
Support Levels:
1. $0.7700 – Initial support zone.
2. $0.7500 – Key downside level to monitor.
3. $0.7300 – Critical support to avoid a significant downtrend.
Targets
Bullish:
$0.8000 – Short-term breakout target.
$0.8200 – Next key resistance.
$0.8500 – Long-term bullish extension.
Bearish:
$0.7700 – Immediate retracement zone.
$0.7500 – Strong support area.
$0.7300 – Key risk level for further declines.
💡 Pro Tip: With the RSI at 27.40, the asset appears oversold. Wait for signs of bullish divergence or increased trading volume to confirm entry for long positions.
