USDT Technical Analysis (29 Jan 2025) ๐ฏ
๐ฅ Current Price: $1.500 (+0.74%)
๐ 24h High: $1.596 | 24h Low: $1.416
๐ Bollinger Bands (20,2):
Upper Band: $1.498 | Middle Band: $1.483 | Lower Band: $1.468
๐ฏ Price Targets
1๏ธโฃ 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.
2๏ธโฃ 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.
3๏ธโฃ 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.
๐ก๏ธ Support Levels
Immediate Support: $1.483 (Middle Bollinger Band)
Critical Support: $1.468 (Lower Bollinger Band)
โก 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.
๐ฌ What are your thoughts? Let's discuss the next move!
