$POLYX

POLYX/USDT Technical Analysis - January 9, 2025

🚀 Current Price: 0.2854 USDT (Rs 79.56)

🔹 Key Levels:

24h High: 0.2956 USDT

24h Low: 0.2668 USDT

24h Volume (POLYX): 34.84M

24h Volume (USDT): 9.91M

The POLYX/USDT pair has shown positive momentum with a 4.20% increase in the last 24 hours. After a consolidation phase, the price is currently testing support at 0.2854 USDT. Here are the key target levels to watch for potential price movement:

🔮 Target 1: 0.2956 USDT

This is the immediate resistance level, aligning with the 24-hour high. A successful breakout above this level could push the price further towards 0.30 USDT.

🔮 Target 2: 0.2668 USDT

A retracement to this level is a possible scenario if the bullish momentum weakens. It could provide a solid support zone to enter long positions, depending on market conditions.

🔮 Target 3: 0.3000 USDT

If the bullish trend continues, this is a psychological resistance level and a key target for short-term traders. A breakout above 0.30 USDT could lead to a more significant rally, possibly testing higher resistance.

📊 Indicators to Watch:

Moving Averages (5/10): Bullish momentum with average trade volumes increasing.

Volume: Look for volume spikes, especially around resistance levels to confirm breakout strength.

As always, trade wisely and manage risk effectively. 🚨 Keep an eye on market conditions and adjust your strategy accordingly!

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