Here’s a technical analysis post for Binance regarding the SNT/USDT pair with three potential targets:

🔍 Technical Analysis: $SNT /USDT - December 28, 2024

The $SNT

/USDT pair has been experiencing a notable bullish trend recently, with the price climbing 3.20% to a current level of $0.04381. Let's take a deeper dive into the chart and identify key levels and potential targets.

Key Price Action Overview:

Current Price: $0.04381 (+3.20%)

24h High: $0.04777

24h Low: $0.04091

24h Volume (SNT): 168.58M

24h Volume (USDT): 7.53M

Technical Levels:

Immediate Resistance: $0.04777 (24h High)

Immediate Support: $0.04091 (24h Low)

The price has been making higher highs and higher lows, showing strength in the uptrend. Based on this momentum, let’s identify potential price targets for the upcoming sessions.

🎯 Target 1: $0.04629

Rationale: This level aligns with a previous consolidation zone, marking a potential retracement point if the price continues upward. Breaking through this zone could trigger further bullish action.

🎯 Target 2: $0.04801

Rationale: This is a key resistance level based on current order depth. If the market maintains the current buying pressure, we could see a breakout and a push toward this target.

🎯 Target 3: $0.05000

Rationale: A psychological level where traders often take profits. If the market continues its bullish rally, this price could act as the next resistance, where we may see a pullback or consolidation before further moves.

Conclusion:

The SNT/USDT pair is showing strong upward momentum, and we could see prices testing these key levels in the near term. Traders should watch for price action around these targets for potential breakout or retracement opportunities.

As always, ensure you manage risk appropriately when trading!

Let me know if you'd like to adjust or expand the analysis further!