$DAR /USDT Technical Analysis and Trade Signal
The DAR/USDT pair is currently exhibiting bullish momentum with a notable 31.69% increase in the last 24 hours. The price is trading at $0.2041, approaching key resistance levels while showing solid support at the 24h low of $0.14603. The market has seen substantial trading volume, with DAR's 24-hour volume reaching 272.48M, while USDT volume stands at 52.12M. The positive money flow of 65.2% reflects strong demand from buyers, contributing to the upward price movement.
Key Levels to Watch:
1. First Target (Resistance): $0.21800
This level is critical as it represents a recent high and is likely to act as initial resistance. A break above this level could signal further bullish continuation.
2. Second Target (Extended Resistance): $0.23000
If the price surpasses $0.21800 with volume confirmation, the next resistance target lies around $0.23000, which could trigger an extension of the rally.
3. Third Target (High Target): $0.24000
A more optimistic target, where the price might test new highs, should momentum continue to build and market conditions remain favorable.
Trade Momentum: The current market sentiment is highly bullish, supported by a 31.69% price increase in the last 24 hours and strong community interest. The positive money flow and rising trading volumes further support the upward momentum. However, traders should be cautious near the resistance levels ($0.21800), as there may be retracements or consolidation before any breakouts. It is advised to use tight stop-loss strategies near support levels to manage risk.
Recommendation:
Buy Entry: $0.2041, with confirmation of strength above $0.21800
Targets: $0.21800, $0.23000, $0.24000
Stop Loss: Below $0.14603 to manage downside risk
Stay alert for any potential pullbacks, as the market might test lower levels before any upward continuation.