USDT Technical Analysis (29 Jan 2025) 🎯
🔥 Current Price: $1.500 (+0.74%)
📊 24h High: $1.596 | 24h Low: $1.416
📉 Bollinger Bands (20,2):
Upper Band: $1.498 | Middle Band: $1.483 | Lower Band: $1.468
🎯 Price Targets
1️⃣ Target 1: $1.520 (Short-Term Resistance)
FIRO is currently testing the upper Bollinger Band at $1.500. Breaking above $1.498 could push the price toward $1.520. Watch for volume confirmation to ensure a sustainable breakout.
2️⃣ Target 2: $1.580 (Key Resistance Zone)
If bulls maintain momentum, $1.580 will be the next crucial resistance. Historically, this zone has seen increased selling pressure. A decisive move above this level may signal a bullish trend continuation.
3️⃣ Target 3: $1.600 (Psychological Resistance)
A breakout beyond $1.600 would indicate strong market sentiment. This level serves as a major psychological barrier. If breached, it may attract more buyers and establish new price levels.
🛡️ Support Levels
Immediate Support: $1.483 (Middle Bollinger Band)
Critical Support: $1.468 (Lower Bollinger Band)
⚡ Market Outlook: FIRO shows signs of bullish strength, but traders should remain cautious around key resistance levels. Watch for volume surges and Bollinger Band breakouts for confirmation.
💬 What are your thoughts? Let's discuss the next move!
