#WyomingBTCReserves 📊 $SPELL

/USDT Technical Analysis – January 19, 2025

Current Price: $0.0010125 (+3.61% in the last 24h)

24h High/Low: $0.0013100 / $0.0009688

24h Trading Volume: 81.488M SPELL ($91M USDT)

The SPELL/USDT pair is showing positive momentum today, recovering from a 24h low of $0.0009688. Here’s a breakdown of key targets and technical indicators:

🎯 Target 1: $0.0010805 (Bollinger Bands - Upper Band)

This level represents the immediate resistance based on the upper Bollinger Band.

A breakout above this could signal further bullish momentum, potentially attracting buyers.

🎯 Target 2: $0.0011353 (Previous High)

This target highlights a short-term resistance zone observed from recent price activity.

If SPELL sustains above $0.0010805, we may see a push towards this level.

🎯 Target 3: $0.0012113 (Key Resistance Level)

The highest price tested recently, indicating strong resistance.

Breaching this level could confirm a bullish reversal and open up opportunities for higher gains.

Technical Indicators to Watch

Bollinger Bands: The current price is hovering near the middle band ($0.0010401) with support near the lower band ($0.0009998).

Volume: High 24h trading volume ($91M USDT) suggests strong market activity, potentially favoring upward movement.

Key Takeaways for Traders

Bullish Scenario: A breakout above $0.0010805 could lead to targets of $0.0011353 and $0.0012113.

Bearish Scenario: If the price drops below $0.0009998, it may test the recent low of $0.0009688.

Risk Management: Monitor volume and price action near resistance levels for confirmation before entering positions.

Trade smartly and always use risk management strategies! 🚀

Disclaimer: This is not financial advice. Always do your research before trading.