KMD/USDT Technical Analysis – Bullish Momentum with Key Targets 🎯
The KMD/USDT pair has shown impressive price action over the past 24 hours, with a solid +55.87% increase, pushing the price up to $0.38. This strong bullish movement has brought the market’s attention to several key levels and technical indicators that may guide the next steps for this pair.
Key Technical Insights:
Current Price: $0.38
24h High: $0.3818
24h Low: $0.2400
24h Volume: 9.57M KMD / 2.82M USDT
SAR (Stop and Reverse): 0.22 (Potential trend reversal signal)
Targets to Watch 🎯:
1. Target 1 – $0.39
The immediate resistance lies near the $0.39 level, where the order book shows significant selling pressure. If the price breaks this level, a further push towards $0.40 could follow. Traders should watch for a breakout with volume to confirm the continuation of the uptrend.
2. Target 2 – $0.42
If the bullish momentum continues, the $0.42 area becomes a key resistance zone, with strong potential to act as a barrier to further upside. A successful break above this level could signal the start of a larger rally, as this zone aligns with previous price action highs.
3. Target 3 – $0.45
The $0.45 target lies just above the 24-hour high of $0.3818. A move here would not only mark a new high but also potentially trigger a retracement for profit-taking. It’s essential to monitor volume closely around this level to assess whether buyers can maintain control or if selling pressure begins to increase.
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