For $10set, $0.618, $1, and $1,618 levels are future potential support and resistance zones.
When the price approached levels such as 0.5041, 0.9080, 1.5000, and 8.1976, significant resistance and support zones formed.
In particular, the 0.2633 level appears to be the current price level, and this could be a significant support level.
Blue lines show the possible direction of movement of the price. On the chart, the price is expected to make an upward exit and enter a strong uptrend, especially towards the level of 8.2411.
The price is currently at a low level and there is a tendency to recover upwards.
• 8.2411, which is 1.618 Fibonacci level, has been marked as a potential target in the long term. This level can be a strong resistance, and if the price reaches this level, selling pressure can occur.
• The fact that the price has crossed the level of 1,5000 means that the upward movement can continue stronger.
It shows an upward potential in the medium and long term. However, it should be noted that selling pressure may increase at resistance levels (especially 0.9080 and 1.5000).
