$POLYX POLYX/USDT Technical Analysis - January 9, 2025
š Current Price: 0.2854 USDT (Rs 79.56)
š¹ Key Levels:
24h High: 0.2956 USDT
24h Low: 0.2668 USDT
24h Volume (POLYX): 34.84M
24h Volume (USDT): 9.91M
The POLYX/USDT pair has shown positive momentum with a 4.20% increase in the last 24 hours. After a consolidation phase, the price is currently testing support at 0.2854 USDT. Here are the key target levels to watch for potential price movement:
š® Target 1: 0.2956 USDT
This is the immediate resistance level, aligning with the 24-hour high. A successful breakout above this level could push the price further towards 0.30 USDT.
š® Target 2: 0.2668 USDT
A retracement to this level is a possible scenario if the bullish momentum weakens. It could provide a solid support zone to enter long positions, depending on market conditions.
š® Target 3: 0.3000 USDT
If the bullish trend continues, this is a psychological resistance level and a key target for short-term traders. A breakout above 0.30 USDT could lead to a more significant rally, possibly testing higher resistance.
š Indicators to Watch:
Moving Averages (5/10): Bullish momentum with average trade volumes increasing.
Volume: Look for volume spikes, especially around resistance levels to confirm breakout strength.
As always, trade wisely and manage risk effectively. šØ Keep an eye on market conditions and adjust your strategy accordingly!
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