The WING/USDT trading pair is showing impressive upward movement, currently priced at $5.94, with a +18.34% gain in the past 24 hours. Let's dive into the technical analysis and the potential targets for the coming trading sessions.
Key Indicators:
Parabolic SAR: Currently, the Parabolic SAR is signaling an upward trend at 6.077. The SAR is a trend-following indicator, and as long as the price remains below this level, the bullish momentum is intact.
Depth Analysis: Buy orders are accumulating, with strong support at the $5.93 bid, while the ask price remains at $5.94. This points to sustained demand, with a slight consolidation before a potential breakout.
Targets đŻ
1. Short-term Target: $6.10
Based on recent price action and Fibonacci retracement levels, the first target to watch is $6.10. This level corresponds to minor resistance, but once breached, it could confirm the continuation of the bullish trend.
2. Mid-term Target: $6.50
If the price surpasses the $6.10 level, the next key target is $6.50. This psychological barrier is reinforced by historical resistance. Traders should watch for volume increases to support this potential move.
3. Long-term Target: $7.00
Looking further ahead, the $7.00 level represents a strong long-term resistance point. Breaking this level could trigger a significant price rally, pushing WING to new highs for the quarter. With the current momentum, this target is achievable, especially if broader DeFi market conditions remain favorable.
#SCRPricePrediction #USRateCutExpected #USCoreCPIUp #BinanceLaunchpoolSCR 
