Technical Analysis for $WBTC /USDT:
Current Price: $98,195.72
Trend: Neutral to Bullish
RSI: Slightly neutral (around 50)
MACD: Bullish crossover (short-term buy signal)
Support Levels: $97,422.24 (24h Low), $96,500
Resistance Levels: $99,647.65 (24h High), $100,000
Trade Signal:
Buy if the price breaks above $99,000, targeting $100,500.
Hold within current range if price remains between $97,500 - $99,000.
Sell/Take Profit near resistance at $99,650 or higher.
Target Levels:
1. First Target: $99,700 (near resistance)
2. Second Target: $100,200 (key psychological resistance)
3. Third Target: $101,000 (long-term bullish target)
Momentum:
The market momentum is showing a slight bullish bias, as seen in the MACD crossover. If the price sustains above $98,500, it could indicate further upwards movement toward the first target level and beyond.
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