Technical analysis of the VIDT/USDT pair, focusing on a potential bullish trend. Here's a summary and a quick breakdown:
Key Details:
Current Price: $0.01896 (+34.56%)
Entry Zone: $0.0182 – $0.0192
Resistance Levels: $0.0205 / $0.0216
Support Levels: $0.0180 / $0.0170
Targets:
TP1: $0.0205
TP2: $0.0216
TP3: $0.0235
Stop Loss: $0.0172
Market Insights:
Demand Zone: VIDT has held strong around $0.0180 multiple times, showing a solid base.
Bullish Setup: Accumulation in the lower range with repeated rejections from support hints at potential upside.
Key Breakout Level: A break above $0.0195 with volume confirmation could signal acceleration toward $0.0216 and higher.
Pro Tip:
Watch for a breakout candle above $0.0195 for confirmation of the next bullish move.
This analysis is well-positioned for a potential bounce, and it seems that bulls could be regaining momentum if the breakout occurs. Be sure to monitor the price action around those key levels, especially the breakout above $0.0195 for confirmation.