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$D Binance Technical Analysis: D/USDT Pair – January 11, 2025 🎯
📊 Current Price: 0.16063 USDT (-13.92%)
📈 24h High: 0.19041 USDT
📉 24h Low: 0.15544 USDT
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Key Observations
1. Downtrend in Progress:
The pair is currently trading below the 5-day Moving Average (MA) of 1,311,797, indicating short-term bearish momentum.
The price has breached the Bollinger Band mid-line, showing increased selling pressure.
2. Volume Insights:
24h Volume (D): 90.66M, signaling high activity, but primarily bearish.
Buyers are cautious, and sellers are dominating at key resistance levels.
3. Support & Resistance Levels:
Support 1: 0.15544 (24h Low)
Support 2: 0.15000 (psychological level, aligned with previous volumes)
Resistance 1: 0.17500 (near depth level, where sell orders are stacked)
Resistance 2: 0.19000 (24h High, strong selling pressure zone)
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🎯 3 Potential Targets for Traders
1. Target 1: 0.17500
This aligns with the depth resistance level and the 10-day Moving Average (MA). If bulls regain control, a breakout to this zone is possible.
2. Target 2: 0.19000
This marks the 24h High, where significant selling pressure was observed. Expect a major battle between buyers and sellers in this zone.
3. Target 3: 0.15000
If bearish momentum continues, this psychological support level could act as a floor. Traders should monitor volume closely at this level for potential reversals.
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Technical Indicators to Watch:
MACD: Currently showing bearish divergence. Look for a potential crossover for trend reversal.
Bollinger Bands: Prices are near the lower band, indicating oversold conditions. A bounce could be imminent.
SAR: Points are above the price, confirming a downtrend. Wait for SAR points to flip below for a reversal signal.
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