$SANTOS
SANTOS/USDT Technical Analysis – 7th January 2025
🚀 Current Price: 3.599 USDT (+4.20%)
📈 24h Range: 3.427 - 3.636 USDT
📊 Trading Volume: 4.17M USDT
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Key Observations
1. Trend Analysis
SANTOS/USDT is showing bullish momentum, with a 4.20% increase in the last 24 hours. The price has bounced from its 24h Low (3.427), breaking resistance near 3.574, and now consolidates around 3.599.
2. Support and Resistance Levels
Support Levels:
Strong support near 3.440 USDT.
Secondary support at 3.427 USDT (24h Low).
Resistance Levels:
Immediate resistance is around 3.636 USDT (24h High).
Breaking this could push prices towards 3.700 USDT.
3. Moving Averages
MA (5): 80,646.17 indicates upward momentum.
MA (10): 51,947.66 shows consistent buyer interest.
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Targets 🎯
Based on the technical indicators, here are three potential targets for SANTOS/USDT:
1. Target 1 – 3.700 USDT:
A short-term bullish breakout above the 24h high could take the price to this level. Monitor volume and RSI to confirm the move.
2. Target 2 – 3.800 USDT:
If buying pressure continues, the token may approach this psychological resistance zone. Look for strong support near 3.574 to validate.
3. Target 3 – 4.000 USDT:
A longer-term target if SANTOS sustains the momentum. Achieving this depends on increased trading volume and market-wide sentiment.
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💡 Trading Tips:
Bullish Scenario: Enter above 3.636 with stop-loss at 3.574 for targets at 3.700 and 3.800.
Bearish Scenario: If the price falls below 3.440, expect a retracement to 3.427 or lower.