$AERGO
🔍 AERGO/USDT Technical Analysis – 09 Jan 2025 📈
AERGO has shown some impressive movement recently, and as we analyze the charts, there are a few key levels to keep in mind for traders. Here's a breakdown of current price action and key targets to watch:
📊 Current Price:
0.1374 USDT (approx. Rs38.29), showing an 8.19% increase in the last 24 hours.
Key Levels & Targets
1. Target 1: 0.1438 USDT
The 24-hour high of 0.1438 USDT is a critical resistance level. If AERGO breaks through this level, we could see further bullish momentum. Traders should keep an eye on volume and market conditions around this zone to confirm continuation.
2. Target 2: 0.1395 USDT
A solid support turned resistance, the 0.1395 level has been a notable pivot point. If the price retraces, this level could act as a strong point for buyers to step in and push the price upwards again.
3. Target 3: 0.1265 USDT
The 24-hour low at 0.1265 USDT serves as an important support level. A drop towards this zone could signal potential accumulation opportunities for long-term investors, especially if AERGO holds above this level.
📉 Technical Indicators:
Volume: 41.83M (AERGO) and 5.68M (USDT) – high trading volume indicates market interest.
Moving Averages: The short-term MA(5) and MA(10) suggest a bullish trend, with MA(5) around 534,521 and MA(10) at 741,233.
Depth Analysis: Watch the buy and sell walls at key levels (0.1445, 0.1395, 0.1374) for potential price reactions.
📈 Conclusion:
AERGO is showing solid upward momentum, but it's crucial to monitor key support and resistance levels to manage risk. Targets to keep an eye on are 0.1438, 0.1395, and 0.1265 USDT. As always, trade responsibly and keep an eye on the broader market for any external factors that might influence price action.