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Technical Analysis: SPELL/USDT Update on Binance šÆ
Current Price: 0.0008803 USDT
š 24h Change: +7.37%
Resistance Levels: 0.0009781 USDT
Support Levels: 0.0008002 USDT
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Analysis:
The SPELL/USDT pair has shown bullish momentum over the past 24 hours, with a 7.37% price increase. Volume remains strong, indicating active interest in the market. The moving averages also suggest short-term support for continued upward movement.
Key Levels to Watch:
1. šÆ Target 1: 0.0009200 USDT
Short-term resistance near the previous highs. A breakout above this level could confirm strong buying pressure.
2. šÆ Target 2: 0.0009780 USDT
This is the 24-hour high and a critical resistance level. Breaking this may push the price into a new range of momentum.
3. šÆ Target 3: 0.0010500 USDT
A psychological resistance level, likely to attract sellers. If bulls maintain momentum, this could be achievable in the medium term.
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Indicators:
Volume: High trading volume (24.48B SPELL) supports bullish sentiment.
Moving Averages (MA):
MA(5): 524,809,336 ā showing an upward trend.
MA(10): 483,870,767 ā suggests consistent interest.
Summary:
A potential upward breakout depends