🚨 Upcoming Delisting Alert:
The OAX/USDT trading pair will be delisted on December 10, 2024, at 08:00 UTC+5. Please ensure to manage your positions responsibly and consider the associated risks.
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Key Technical Analysis
Current Price: $0.1103 (-35.27%)
24h High: $0.1749
24h Low: $0.1000
Volume (24h): 63.71M OAX (~$7.76M USDT)
Indicators:
Parabolic SAR: $0.1085 – signaling bearish momentum.
RSI: 2.39% – deep oversold territory, suggesting potential for reversal.
MACD: Bearish divergence with -12.98%.
EMA Levels: Resistance at $0.1200, support at $0.1000.
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🎯 Price Targets
Target 1: $0.1200 (Immediate Resistance)
If buying pressure increases and volume picks up, a quick rebound toward $0.1200 is plausible. This level aligns with the EMA resistance and could serve as a critical test for bullish strength.
Target 2: $0.0950 (Key Support Zone)
Should bearish momentum persist, we might see a dip to $0.0950. This psychological and technical support zone has been a critical level historically.
Target 3: $0.1500 (Recovery Target Post-Selloff)
If the market sentiment flips and demand rises, a significant recovery could push the price toward $0.1500. However, this target is dependent on broader market conditions and positive sentiment.
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Key Considerations
Short-Term Strategy: Scalpers may capitalize on the high volatility leading up to the delisting date.
Long-Term Holders: Consider reducing exposure or converting holdings to other assets to mitigate risks.
Market Sentiment: Monitor Binance announcements and trading volumes closely.
📌 Stay vigilant and plan your trades wisely. Always DYOR (Do Your Own Research) before investing!
🔗 For more updates, follow Binance or check the latest announcements on the platform.
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