Technical Analysis of ATM/USDT on Binance
Current Price: $2.265
24h High: $2.689
24h Low: $2.137
24h Volume (ATM): 2.34M
24h Volume (USDT): 5.53M
As we analyze the $ATM
/USDT trading pair, we can see some significant price movements that present potential trading opportunities. Here are three target levels to watch:
đŻ Target 1: $2.30
The first target is set at $2.30. This level is close to the recent resistance seen at the 24h high. A breakout above this price could indicate strong bullish momentum, attracting more buyers.
đŻ Target 2: $2.40
The second target at $2.40 marks a psychological resistance point. If the price consolidates above $2.30, we may see upward momentum towards this target, which aligns with the overall trend if the market sentiment remains positive.
đŻ Target 3: $2.70
The third target at $2.70 represents a significant resistance level. This target is derived from previous price action and may serve as a key level for profit-taking by traders who entered at lower levels. Monitoring volume at this point will be crucial to confirm the strength of the upward movement.
Key Indicators
SAR: 2.244, indicating a potential upward trend reversal.
Recent Price Movement:
15m: -3.369%
1h: -2.137%
4h: -5.818%
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