🚀 Technical Analysis: FTT/USDT on Binance (Nov 2024)
📉 Current Price: $2.5379
🔴 24h Change: +20.58%
🔴 24h High: $3.0500
🔴 24h Low: $1.9500
Overview: FTT/USDT has shown significant bullish momentum over the past 24 hours, with the price climbing 20.58% from its recent lows. This surge indicates strong buying interest, with potential for further upside if the trend continues. Let’s dive into key levels and potential price targets for the next trading sessions.
Key Levels to Watch 🎯
1. Target 1: $2.80 - $2.85 (Resistance Zone)
The immediate resistance lies between $2.80 and $2.85, near the SAR (Stop and Reverse) indicator level of 2.7972. A break above this range would signal further bullish continuation and could pave the way toward higher targets.
2. Target 2: $3.05 (24h High)
The $3.05 level represents the recent 24-hour high and is a key psychological level. If the price breaks through this barrier, we may see more upside potential. A strong close above $3.05 would confirm the bullish trend is intact.
3. Target 3: $3.30 - $3.40 (Extended Resistance)
Beyond $3.05, we have the next major resistance area around $3.30 to $3.40. This level aligns with previous market structure and could act as a point of reversal or consolidation before any further upward movement.
Key Indicators:
SAR (Stop and Reverse): 2.7972
This level indicates a possible trend reversal point. If the price approaches or breaks below it, we might see a shift in momentum to the downside.
24h Volume:
Volume has been robust, with 28.13M FTT traded, supporting the current bullish price action. A continued increase in volume could indicate stronger momentum for the bulls.
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