📊 $IQ

IQ/USDT Technical Analysis – January 9, 2025

🚀 Current Price: $0.007887 (+8.06%)

📈 24h High: $0.008293

📉 24h Low: $0.007263

The IQ token is showing promising upward momentum with a daily gain of over 8%. Here's a detailed analysis and potential targets for traders:

Key Observations:

1. Trend Analysis:

IQ/USDT is trading above the 5-day Moving Average (MA) of $0.007816 and approaching the 10-day MA of $0.008072, indicating short-term bullishness.

The MACD line crossing above the signal line further supports bullish momentum.

2. Support Levels:

Immediate support is observed at $0.007600, aligning with previous consolidation zones.

A stronger support lies at $0.007263 (24h low), offering a potential entry point for buyers.

3. Resistance Levels (Targets):

🎯 Target 1: $0.008100 – Close to the 24h average and initial resistance level.

🎯 Target 2: $0.008300 – Near the recent 24h high, where sell orders are visible.

🎯 Target 3: $0.008600 – A psychological level, aligning with upper Bollinger Band projections.

4. Volume Surge:

With 24h Volume (IQ): 1.14B and USDT Volume: $8.91M, the market is experiencing strong liquidity, signaling potential for further price movement.

Trading Strategy:

Bullish Case: Breakout above $0.008300 could lead to a rally towards $0.008600.

Bearish Case: A breakdown below $0.007600 might trigger a retest of $0.007263.

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