🚀 Technical Analysis on VANRY/USDT: Targeting Key Levels 🎯
The VANRY/USDT pair has shown strong bullish momentum recently, with the price up by 17.71%. Here’s a breakdown of the current technical outlook and key levels to watch in the coming hours.
Current Price: $0.1057
The price has surged to the 24-hour high of $0.1057, showing a clear upward trend. The Relative Strength Index (RSI) is still within a healthy range, suggesting there may be more room for upside before reaching overbought conditions.
Key Levels to Watch 🎯:
1. First Target: $0.1100
Reason: This level represents a psychological resistance point and aligns with a previous minor peak. If the price maintains its momentum, we could see a test of this level.
Action: Watch for a breakout above $0.1067 for confirmation.
2. Second Target: $0.1150
Reason: If the market continues to show strength, $0.1150 could be the next major resistance, coinciding with the 1-hour moving averages and previous resistance zone.
Action: Look for consolidation near $0.1100 before a possible continuation.
3. Third Target: $0.1200
Reason: This is the next strong resistance level, where profit-taking and market consolidation may happen. If bullish momentum remains, this is a key area to watch for potential reversal signals.
Action: Be cautious of price rejection here, as it could indicate a pullback or retracement.
Support Zone:
$0.0987 - A break below this level could signal a possible reversal or retracement. The SAR indicator also supports a support level around $0.0972.
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