$UFT

/USDT Technical Analysis💯🔥🔥

Current Price: 0.3488 USDT

Trend: Bullish (short-term uptrend observed with +6.86% increase in the last 24 hours)

Support & Resistance

Support: 0.3190 USDT (previous 24h low)

Resistance: 0.3488 USDT (current price and 24h high)

Technical Indicators:

RSI: Neutral to Bullish, currently near the middle zone, indicating no extreme overbought or oversold conditions yet.

MACD: Positive, signaling upward momentum.

Moving Averages: Price is above the 50-day MA, indicating short-term bullish momentum.

Trade Signal:

Buy Signal: Strong momentum for a potential continuation in the short-term.

Target Levels:

First Target: 0.3580 (0.5% to 2.5% increase expected).

Second Target: 0.3650 (a 5% increase above current price).

Third Target: 0.3800 (a 9% increase, with a higher resistance zone).

Momentum:

The price has been rising steadily, indicating a bullish market condition with potential upward continuation if volume supports the price action. Monitor volume levels for confirmation of continued momentum.

It's recommended to keep an eye on volume and potential pullbacks near support levels. A break below 0.3190 would signal a bearish trend reversal, but for now, bulls remain in control.

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