$PSG Binance PSG/USDT Technical Analysis 📊
🚀 Overview: The PSG/USDT pair has demonstrated solid bullish momentum over the last 24 hours, currently trading at 3.414 USDT, up by +6.22%. With the recent price action showing strong support and resistance levels, it's crucial to keep an eye on the next potential moves. Let's dive into the technical analysis and set some key targets for PSG in the short term.
🔍 Key Levels:
24h High: 3.605 USDT
24h Low: 3.154 USDT
Current Price: 3.414 USDT
24h Trading Volume (PSG): 1.36M
24h Trading Volume (USDT): 4.58M
Price Change (24h): +6.22% (~Rs 950.42)
Potential Price Targets 🎯:
1. First Target: 3.470 USDT
The first resistance point is around 3.470 USDT, which has been acting as a short-term ceiling. A successful breakout above this level could trigger a rally toward higher resistance.
2. Second Target: 3.605 USDT
The 3.605 USDT level represents the recent 24h high and a strong resistance level. A sustained move above this point could confirm a continuation of the uptrend.
3. Third Target: 3.627 USDT
A breakout above 3.605 USDT could push the price to 3.627 USDT, which is the next key resistance level. This would mark a potential shift into a more significant upward move for PSG/USDT.
🔮 Support Levels:
Primary Support: 3.313 USDT
Secondary Support: 3.156 USDT
📈 Outlook: PSG/USDT is currently in a bullish phase with the potential to continue climbing toward the resistance levels outlined. The support levels near 3.313 USDT and 3.156 USDT provide solid downside protection. Traders should keep an eye on the price action around these critical levels for potential entry points or a reversal.
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This analysis is intended for informational purposes only. Always perform your own research and ensure appropriate risk management.
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