CTK/USDT Technical Analysis โ Target Price Levels ๐ฏ
๐ Current Price: $0.8126
CTK/USDT has been showing strong bullish momentum with a +14.94% increase in the last 24 hours. Letโs take a closer look at the key technical levels and potential price targets for this pair.
Key Levels to Watch:
1. Support Level: $0.7070
The 24-hour low is sitting at $0.7070, which serves as the immediate support level. A strong defense of this price could set the stage for a potential rebound, confirming that bulls are in control.
2. Resistance Level: $0.8707
The SAR (Stop and Reverse) indicator at $0.8707 suggests a potential reversal zone. If CTK/USDT reaches this level, a pullback or consolidation might occur before continuing upward. Traders should watch this level closely for any breakout confirmation.
3. Target 1: $0.9000 (24h High)
The first bullish target is $0.9000, the 24-hour high. If the momentum continues, this level could be tested next, and a break above it would signal further bullish strength, with a potential push to higher levels.
Potential Next Moves:
Bullish Scenario: A sustained break above $0.9000 could see the price retesting the $1.00 psychological level. A pullback near the $0.7070 support could present an opportunity for re-entry with favorable risk-to-reward.
Bearish Scenario: If price fails to maintain momentum and falls below the $0.7070 support, we may see further downside towards $0.6800 or lower.
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