Technical Analysis for $DF
/USDT
Price Action: The price has surged by +89.95% in the last 24 hours, indicating significant upward momentum. Currently at 0.07676, the token has been trading near its daily high of 0.07700, signaling strong buying interest.
Support and Resistance:
Resistance: The immediate resistance is at 0.07880 (previous high) and 0.07700.
Support: The nearest support is at 0.06562 and 0.05243.
Momentum: The price has shown a strong upward trend, evident from the 24h high/low range. The 24h volume (DF) of 666.94M and 24h volume (USDT) of 39.20M reflect good liquidity, supporting further movement.
Trade Signal
Buy Signal: Current price near 0.07676, with strong upward momentum supported by volume. The market is in a short-term bullish phase.
Entry: Consider buying near 0.07600 - 0.07700 range if you anticipate further upward movement.
Target Levels 🎯:
1. First Target: 0.07880 (Immediate resistance, breakout level)
2. Second Target: 0.08500 (Next psychological level and potential resistance area)
3. Third Target: 0.09000 (Stronger resistance region)
Trade Momentum:
Bullish with upward momentum, so momentum traders may want to stay long until reaching 0.07880.
Stop-Loss: If price falls below 0.06562, reevaluate the trade.
Ensure you use proper risk management as momentum can change rapidly.