🚀$BSW

BSW/USDT Technical Analysis - January 2025 📉

Looking at the price action for BSW/USDT, we are seeing moderate growth in the market with a +2.83% increase in the past 24 hours, pushing the price to 0.0799 USDT. Let’s analyze the key price levels and potential targets moving forward.

📊 Key Data:

Current Price: 0.0799 USDT

24h High: 0.0867 USDT

24h Low: 0.0748 USDT

24h Volume (BSW): 125.96M

24h Volume (USDT): 10.19M

🔍 Technical Indicators:

Support Levels:

First support: 0.0776 USDT (recent low)

Secondary support: 0.0748 USDT

Resistance Levels:

Immediate resistance: 0.0867 USDT (previous high)

Next resistance: 0.0872 USDT

🎯 Potential Targets:

1. Target 1 - 0.0850 USDT: A breakout above the current resistance of 0.0800 USDT can target 0.0850 USDT, marking an intermediate resistance level. This would confirm the continuation of the current bullish momentum.

2. Target 2 - 0.0900 USDT: If price action breaks through 0.0850 USDT, the next logical resistance is 0.0900 USDT, where we could see significant price rejection, making it an important target for profit-taking.

3. Target 3 - 0.0950 USDT: For the longer term, if the price maintains upward momentum, 0.0950 USDT is the next major resistance level to keep an eye on.

Stop-loss: Set stop-loss below 0.0748 USDT to mitigate potential downside risks in case of a sudden price reversal.

Take-profit: Utilize resistance levels to create a strategy for scaling out profits as the price hits target zones.

🔑 Conclusion:

BSW/USDT is currently trending upwards, and a break above 0.0800 USDT could signal a bullish continuation. However, be mindful of possible pullbacks, and always manage your risk accordingly.