$SNT /USDT Price Analysis – Binance Trading Update
Current Price: 0.04521 USDT
24h Change: +9.18%
24h High: 0.04777 USDT
24h Low: 0.04091 USDT
24h Volume ($SNT ): 163.52 million SNT
24h Volume (USDT): 7.24 million USDT
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Overview:
The $SNT
/USDT pair has been experiencing a strong bullish trend, with a notable price increase of +9.18% in the past 24 hours. The price has oscillated between 0.04091 USDT and 0.04777 USDT, highlighting significant volatility and market interest. With 163.52 million SNT traded and 7.24 million USDT in total volume, the market is actively participating, reflecting positive sentiment towards the token.
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Technical Indicators:
Moving Averages:
MA(7): 0.04419 USDT (indicating short-term bullish momentum)
MA(25): 0.04263 USDT (suggesting medium-term stability)
MA(99): 0.04311 USDT (providing solid long-term support)
The price is currently above all key moving averages, which confirms a bullish market structure in the short-to-medium term.
Market Depth:
The market depth is revealing key levels to watch:
Resistance: The immediate resistance is at 0.04777 USDT, which has acted as a ceiling for the price. A successful breakout above this level could open the door for further upward momentum, potentially reaching 0.04817 USDT.
Support: On the downside, the first support zone lies around 0.04241 USDT, followed by 0.03953 USDT. If the price experiences a pullback, these levels could provide solid entry points for buyers looking for a favorable price.
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Target Price & Outlook:
Short-Term Target: The current bullish trend suggests that the 0.04777 USDT level will be a key resistance to break. If SNT can surpass this level, the next target is 0.04817 USDT, with potential for continued upward movement.
Long-Term Target: If the upward trend continues, further price targets may extend towards 0.05 USDT, contingent on sustained market momentum and positive volume support.