📌EDU/USDT ANALYSIS📌
EDUUSDT is looking bullish today, with multiple analysts predicting a breakout from the current wedge pattern.
The price is moving in an ascending channel on the 1-day frame and is sticking to it well, with a bounce from a major support area at $0.4750.
Key Levels to Watch:
- Primary Support: $0.5329
- Primary Resistance: $0.7913
- Secondary Resistance: $0.9769 and $1.1719
The Relative Strength Index (RSI) stands at 67, near the overbought territory but still under 70, suggesting the asset is experiencing increasing bullish momentum. The Moving Average Convergence Divergence (MACD) line is just above the signal line, suggesting a bullish crossover recently occurred.
Some experts predict a potential target price of $1.21 or a 60-120% price surge in the coming day. However, others warn of a potential drop to $0.35 or $0.39 if the price breaks below the current support level.
Trade Ideas:
- Long Position: Entry price at $0.5200, with targets at $0.5791, $0.6285, and $0.7047
- Short Position: Entry price at $0.6633, with a take-profit target at $0.64823333 and a stop-loss at $0.68883333
Keep in mind that cryptocurrency markets are highly volatile, and analysis is subject to change. Always do your own research and consider multiple sources before making investment decisions.
