$USTC / USDT Showing Signs of Bullish Momentum After Consolidation! ⬆️
TerraClassicUSD ( $USTC ) is currently trading at $0.01208, experiencing a pullback of -2.42% on the 4-hour chart, but still up +3.24% for the day. After a period of consolidation, there are indications of renewed bullish interest.
📈 Key Observations:
Current Price: $0.01208
Bounce from Low: Notice the bounce from the 24-hour low of $0.01160, suggesting buyers are stepping in at lower levels.
Testing Resistance: The price is currently testing a resistance level around the $0.01220 - $0.01240 area. A successful break above this could signal further upward movement.
Increased Volume: The 24-hour volume for USTC is at a notable 184.72M, indicating increased trading activity.
🎯 Potential Bullish Scenario:
A sustained break above the $0.01240 resistance could lead to a move towards the recent high of $0.01260 and potentially higher targets.
Increased buying volume on the breakout would provide further confirmation.
🛡️ Key Support Level:
The $0.01180 - $0.01200 zone is acting as potential short-term support. Holding above this level would be encouraging for the Bulls.
🧐 What to Watch For:
Breakout Confirmation: Monitor for strong buying volume and sustained trading above $0.01240.
Retracement Levels: If a pullback occurs, watch if the price holds above the $0.01180 - $0.01200 support zone.
$USTC is showing promising signs of bullish momentum after a period of consolidation. Keep a close eye on the $0.01240 resistance level for a potential breakout!
