๐น $PEAQ /USDT โ 2H Analysis
๐ Current Situation
#Peaq ๐น Current Price: $0.5732 (+0.61% on the 2-hour chart)
๐น Retest Level: Price is trading slightly above the retest level at $0.5430.
---
๐ Key Levels
๐ Major Support: $0.4987
๐ Retest Level: $0.5430
๐ Breakout Level: $0.6644
๐ Bull Breakout Level: $0.7538
---
๐ Potential Scenarios
1. ๐ Bullish Scenario:
Price breaks above $0.6644, indicating upside momentum.
Sustained movement beyond $0.7538 will confirm strong bullish sentiment.
2. ๐ Bearish Scenario:
If the price fails to hold $0.5430 and breaks below $0.4987, bearish pressure could increase.
This might lead to further declines.
3. โ๏ธ Consolidation Scenario:
Price could consolidate between the $0.5430 retest level and $0.4987 support level before making a significant move.
---
๐ Technical Overview
๐ Trend Analysis: Current price action suggests a bullish continuation if the $0.5430 retest level is maintained.
๐ Volume: Elevated 24-hour volume reflects active market participation and potential momentum shifts.
---
โ ๏ธ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please conduct thorough research and consult a qualified professional before making investment decisions.