$CYBER /USDT Technical Analysis – Preparing for the Next Move 🚨
CYBER Price: $3.384 (-9.5%)
The CYBER/USDT pair has shown notable volatility lately, making it crucial to identify potential price movements. Here's a technical overview to support your trading strategy:
Key Market Data:
24h High: $3.840
24h Low: $3.218
Critical Levels:
1. Support: $3.218 – This strong support zone may act as a key bounce point for the price.
2. Resistance Target 1: $3.500 – Breaking this level could signal bullish momentum and a move higher.
3. Resistance Target 2: $3.650 – A significant resistance zone where price action might consolidate or break out.
Market Depth Insights:
The pair shows a slight negative trend of -3.597%, highlighting existing selling pressure. Keep an eye on this for potential signs of a reversal.
Trading Strategy:
Bullish Scenario: If CYBER breaks above $3.500, consider long positions targeting $3.650.
Bearish Scenario: Failure to hold the $3.218 support level could result in a decline toward the $3.000 range.
Stay vigilant and monitor these levels for clearer entry and exit signals.