Binance Technical Analysis: SNT/USDT – Price Surge & Target Levels 🎯
🚀 SNT/USDT Price Update
The Status (SNT) token has experienced a significant surge, climbing by +27.94% over the last 24 hours. Currently trading at $0.04693, SNT has shown strong bullish momentum, with its 24-hour high reaching $0.04700 and its low at $0.03543. With a trading volume of 319.34M SNT and 12.38M USDT, this pair is gaining attention.
🔍 Key Technical Levels:
Support: Parabolic SAR is indicating a support level at $0.03768, which could act as a potential entry point for buyers looking for a dip.
Resistance: The 24-hour high at $0.04700 is a key resistance level. If the price can break above this, the next target is $0.04765, a significant resistance zone where the price could face strong selling pressure.
🎯 Targets to Watch:
1. Target 1 – $0.04700: The immediate resistance level. A break above could signal further upside.
2. Target 2 – $0.04765: If the price pushes past $0.04700, this level could act as the next key resistance. Watch for a breakout.
3. Target 3 – $0.05000: A psychological level and possible next target if the bullish momentum continues. A break above here could trigger a larger price move.
📊 Trading Strategy:
Bullish: If SNT sustains above $0.04700, consider targeting $0.04765 and $0.05000. Monitor volume for confirmation of momentum.
Bearish: If the price fails to break above $0.04700 and drops below $0.03768, a retracement to lower levels (possibly toward $0.03543) could be expected.
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