$HOT
/USDT Technical Analysis - Binance
🚀 Current Price: $0.002433 (+1.80%)
📊 24h High: $0.002467
📉 24h Low: $0.002294
Technical Overview:
The HOT/USDT pair has shown strong bullish momentum in the past 24 hours, increasing by +1.80%. Price action is currently trading near the 24h high, indicating that the bulls are in control. We can see consistent support around $0.002294, and the resistance lies near the $0.002467 level.
Looking forward, here are the 3 Target Levels to watch:
🎯 Target 1: $0.00250
A breakout above the current resistance at $0.002467 could push the price further toward the next target of $0.00250. This level aligns with previous price action, where resistance has been tested multiple times. A clean breakout could signal the continuation of the uptrend.
🎯 Target 2: $0.00260
If bullish momentum persists, we could see HOT/USDT testing the $0.00260 level. This target is driven by the next psychological resistance level, and a strong bullish sentiment could propel the pair towards this zone.
🎯 Target 3: $0.00280
Longer-term traders may eye $0.00280 as the next major resistance level, particularly if market sentiment remains positive. This level represents a potential Fibonacci extension and marks a significant psychological resistance.
Key Support:
$0.00229: This is the level to watch for potential support if the price retraces.
Conclusion:
The current bullish trend of HOT/USDT is supported by positive price action. Investors should watch for breakouts above resistance levels, with targets at $0.00250, $0.00260, and $0.00280. A failure to maintain above $0.00229 could indicate a potential retracement, so be cautious of sudden market corrections.
As always, trade responsibly and stay updated with market trends!