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POP/USDT 4H Analysis: Key Resistance & Targets
Hey everyone! đ Let's break down the current action on the POP/USDT pair on the 4-hour chart.
We are seeing some interesting movement here, with the price currently sitting around $0.957. There has been a 2.35% rise in the last 24 hours, so the momentum is building.
Key Resistance Levels:
The major resistance we're watching is at $1.0864, and a stronger resistance above that at $1.0891. This range is critical as it has been tested multiple times without a breakout.
If the price can push past $1.0864, we may see an acceleration towards $1.2 in the short term.
Support Levels:
On the downside, the first support is at $0.9644, but we have a strong lower support at $0.6806, which could act as a buying zone if the price retraces.
A further dip could see support around $0.5383, which is a key level to watch for accumulation.
Trend Analysis:
We can see a potential bearish pattern forming on the chart. If the price fails to break through the resistance and trends downward, the next target could be the $0.680 zone. However, a break above the resistance could set the stage for a rally towards $1.2 or higher.
Conclusion:
Bullish Scenario: Break above $1.086 could lead to a push toward $1.2 and beyond.
Bearish Scenario: Rejection from the resistance might see a retrace toward $0.680 or lower.
Keep an eye on these levels and set your alerts. As always, trade responsibly and manage your risk! đ
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