Y

After a sharp drop from the highs of $66.34, USOIL has shown signs of stabilization and a minor bullish pullback around the $65.20 level. The H1 chart is now revealing a potential trend reversal as the price bounced back from the $64.66 - $64.77 support zone, forming a short-term higher low.

📈 Key Technical Observations:

The recent bearish momentum is losing strength, with a noticeable buying pressure near the bottom wick.

Price is attempting to retest the 65.50 resistance area; a strong breakout could signal a new bullish wave toward the $66.00 mark again.

The red moving average line (likely a 10- or 14-period MA) is flattening, hinting at a possible bullish crossover soon if the upward push continues.

$BNB

💡 Crypto Traders on Binance Take Note: USOIL price action often influences energy tokens and commodity-backed crypto assets. A bullish breakout in oil could create momentum in commodity-related crypto pairs, so watch closely!

🚨 Next Move? If USOIL holds above $65.00 and breaks $65.50 with volume, we might see a push back toward $66.10–$66.30 levels. Failure to hold could bring a retest of the $64.70 zone.

🔔 Set Alerts & Stay Ready — Big Move $BTC Loading…