Hereโs a concise ๐ technical and trading analysis for $DMC
/USDT (Perpetual Futures)
๐ DMC/USDT Market Snapshot
Metric Value
๐ฐ Last Price $0.004442
๐ Mark Price $0.004441
๐ผ 24h High $0.004800
๐ฝ 24h Low $0.004055
๐ 24h Change +7.32%
๐ฆ 24h Vol (DMC) 3.61B DMC
๐ต 24h Vol (USDT) $16.14M
INR Equivalent โน1.26
๐ Key Price Zones
Zone Key Price Levels ($)
๐บ Resistance $0.004504 โ $0.004671 โ $0.004800 โ $0.004838
๐น Current $0.004442 (Testing just below key resistance)
๐ป Support $0.004336 โ $0.004169 โ $0.004040 โ $0.004002
---
๐ Technical Indicators
Indicator Value Interpretation
๐ Volume 123.4M+ Strong activity
๐งฎ MA(5) 168.4M Bullish short-term support
๐งฎ MA(10) 125.5M Trend showing upward strength
๐ง Trade Setup Ideas
๐ข Bullish Scenario
Entry Range: $0.00445 โ $0.00450
๐ฏ Targets:
Target 1: $0.00467
Target 2: $0.00480
๐ Stop Loss: $0.00432
๐ Reason: Price is holding above support, testing resistance again with high volume.
๐ด Bearish Scenario
Entry: Below $0.00432
๐ฏ Targets: $0.00417 โ $0.00400
๐ Stop Loss: $0.00452
๐ Reason: Rejection near $0.00467 and failing to break above moving averages could lead to pullback.
โฑ๏ธ Trend Summary
Timeframe Trend Momentum
15m ๐ผ Uptrend Short-term bullish
1h ๐ผ Bullish Good recovery volume
4h ๐ผ Bullish Higher lows developing
1D โ ๏ธ NeutralโBullish Watching $0.00480 breakout
---
โ Conclusion
DMC/USDT is showing strong upside momentum, but needs to break above $0.00467โ$0.00480 for confirmation of a continued rally. Failure to do so may lead to a short-term pullback to the $0.00417โ$0.00400 zone.
Would you like a candlestick chart or RSI/MACD indicator breakdown next? ๐๐
#DMCP #US-EUTradeAgreement #Write2Earn #BinanceSquareTalks #TradingCommunity