$POLYX ⭐

Technical Analysis for POLYX/USDT on Binance – 9th January 2025 🎯

🚀 Current Price: 0.2851 USDT (Rs79.47)

📈 24h Change: +6.82%

Key Levels to Watch:

1. Support Level: 0.2571 – A strong support base where POLYX has found a solid footing. If the price dips near this level, expect buyers to step in, potentially reversing the trend.

2. Resistance Level: 0.2956 – The recent 24-hour high, a crucial resistance point. A breakout above this could trigger further bullish momentum, pushing the price to new highs.

3. Target 1: 0.3100 – If the price sustains above the resistance level of 0.2956, the next logical target would be 0.3100. This level marks a potential new high, providing a strong opportunity for bulls.

4. Target 2: 0.3350 – A more extended target, based on historical price action and the current momentum. A break above 0.3100 could easily push POLYX to this level, testing the bullish trend.

5. Target 3: 0.2400 – If the market turns bearish and breaks below 0.2571, we may see a potential pullback to the 0.2400 level. This would act as a key support zone for a potential reversal.

Trading Volumes:

24h Volume (POLYX): 39.01M

24h Volume (USDT): 10.93M

15-Minute Trading Volume: 674,260.5 POLYX

Market Sentiment:

Currently in a bullish phase, but keep an eye on volume and price action to confirm whether it holds at key levels.

💡 Conclusion: The market is showing strong momentum, but traders should watch key levels like 0.2571 for support and 0.2956 for resistance. A break above 0.2956 could open up further upside potential to 0.3100 and beyond, while a fall below 0.2571 may trigger a retreat toward 0.2400. Always use stop-loss strategies to manage risk effectively.

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