$OAX

/USDT Technical Analysis: Eyes on the Targets 🎯

Current Price: $0.0935

24H High: $0.1718

24H Low: $0.0930

OAX/USDT is showing signs of stabilization after a significant drop. This price action has created an opportunity to watch for potential upside movements. Here’s the analysis and 3 key targets:

Support & Resistance Levels

Immediate Support: $0.0900

Resistance Zones: $0.1100, $0.1350, $0.1710

Targets 🎯

1. 🎯 Target 1: $0.1100

Why Important?

A recovery above this level would confirm a bullish reversal and could attract more buying interest. This aligns with the 50% retracement of the recent fall.

2. 🎯 Target 2: $0.1350

Why Important?

Breaking this level could indicate sustained upward momentum. This area is a key resistance zone, as it matches the EMA 50 and may face selling pressure.

3. 🎯 Target 3: $0.1710

Why Important?

Reaching this level would complete the recovery cycle, retesting the 24H high. Bulls must demonstrate strong volume and momentum to achieve this milestone.

Indicators to Monitor

RSI: Currently oversold, suggesting a potential reversal.

MACD: A bullish crossover could confirm upward momentum.

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