$SSV /USDT TECHNICAL ANALYSIS: BULLISH MOVE TOWARD $12.00 RESISTANCE WITH STRONG VOLUME SUPPORT
$SSV /USDT pair has posted a +6.63% gain, currently trading at $11.26, following a sharp bounce from the 24h low of $10.34 and testing highs near $11.98. Backed by 1.37M SSV volume and $15.42M in USDT, this move signals renewed buying pressure and potential continuation of the short-term uptrend.
Key Technical Observations:
Resistance Levels:
Immediate resistance lies at $12.00, a psychological and technical barrier,
A breakout above this could lead to a swift rally toward $13.00 – $13.50.
Support Zones:
Strong support forming at $11.00,
Broader support range lies between $10.50 – $10.00, offering re-entry potential on pullbacks.
Trend Momentum:
The price is up +14.78% in the past 30 days and +56.82% in the last 90 days, reflecting a sustained mid-term bullish reversal,
However, long-term charts still show deep drawdowns (over 60% down over 1 year), so upside may face resistance at key levels.
Volume Confirmation:
The surge in 1H candles and rising volume indicate strong buyer conviction near support levels, especially as price approaches $12.00.
Market Outlook:
If SSV breaks and holds above $12.00, the market may attempt a run toward $13.00+ in the short term. However, a failure to break this level might trigger a retracement toward $10.50 – $11.00, where demand has previously emerged.
Trend Bias: Bullish (Short to Mid-Term)
Breakout Level: $12.00
Short-Term Target: $13.00 – $13.50
Key Supports: $11.00 and $10.50
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