Technical Analysis for $ACH /USDT
Current Price: $0.03370
24h High: $0.03500
24h Low: $0.02946
Overview: ACH/USDT is currently seeing a positive momentum with a 14.16% increase in the last 24 hours. The price is above the recent low and is trying to maintain upward movement after testing support at $0.02946. The current resistance is near the 24h high of $0.03500. Given the fluctuation seen in recent hours, we expect the price to be influenced by the broader market sentiment and ACH's ability to break through key resistance levels.
Key Support & Resistance Levels:
Support Level 1: $0.02946 (recent low, strong support area)
Support Level 2: $0.03050 (minor support, potential bounce zone)
Resistance Level 1: $0.03500 (24h High, immediate resistance)
Resistance Level 2: $0.03700 (potential breakout area)
Resistance Level 3: $0.04000 (psychological resistance, major level)
Trade Signal and Momentum:
Bullish Scenario (Upward Momentum):
Entry Point: $0.03350ā$0.03400 (buy on dips or near the support range)
Target Levels (šÆ):
Target 1: $0.03550 (Immediate resistance, possible profit-taking zone)
Target 2: $0.03700 (Breaking the 24h high, significant resistance)
Target 3: $0.04000 (Major resistance, bullish breakout target)
Stop Loss: $0.03000 (Below recent support level, reducing risk)
Momentum: Positive momentum in the short term due to the price increase and volume surge. Watch for a breakout above $0.03500 for further bullish movement.
Bearish Scenario (Downward Momentum):
Entry Point: $0.03150ā$0.03200 (sell near resistance or on a break of key support)
Target Levels (šÆ):
Target 1: $0.02946 (recent low, major support level)
Target 2: $0.02800 (extended support level)
Target 3: $0.02500 (deep correction zone)
Stop Loss: $0.03550 (if price closes above resistance)
Momentum: Currently neutral with bearish pressure if the price fails to break resistance at $0.03500.