#BitcoinHashRateSurge $SANTOS

/USDT Technical Analysis – January 5, 2025

The SANTOS/USDT pair is showing promising movement, currently trading at $3.47 (+2.12%) with bullish momentum. Here's an overview of the market situation and potential price targets:

Market Highlights

Current Price: $3.47

24h High/Low: $3.491 / $3.395

24h Volume: 372,577 SANTOS ($1.28M USDT)

Trend: Consolidation with an upward bias.

Technical Levels

📊 Support:

$3.00 (Strong Base)

🎯 Targets (Resistance Levels):

1. $4.00 – The first resistance level where significant selling pressure may occur. If broken, it could confirm bullish sentiment.

2. $4.50 – Mid-term target, reflecting increased demand. Potential consolidation zone.

3. $5.00 – Key psychological level and long-term target for SANTOS traders. A breakout here signals strong upward momentum.

Technical Indicators

RSI: Neutral, hovering around 55, indicating more room for upside before overbought conditions.

EMA (20/50): Price is trading above the EMA levels, confirming short-term bullish momentum.

MACD: Positive crossover, reinforcing the possibility of upward movement.

Strategy for Traders

For Long Positions: Enter around $3.40–$3.50 with stops at $3.20. Target $4.00 and $4.50.

For Breakout Traders: Watch for volume surges above $4.00 to target $5.00.

Risk Management: Secure profits at each target and move stop-loss levels accordingly.

Stay informed and always trade responsibly! 📈

#Binance #SANTOS #CryptoTrading #FanTokens