Technical Analysis for TURBO/USDT on Binance 馃殌
As we continue to see bullish momentum in the TURBO/USDT pair, let's break down the technical levels and key targets to watch out for in the near future. Here's a quick overview based on the current price action:
Current Price: 0.008275 USDT (+15.09% in the last 24 hours)
Key Levels:
24h High: 0.008279 USDT
24h Low: 0.007087 USDT
Support Level (SAR): 0.007751 USDT
Resistance Level (SAR): 0.008327 USDT
3 Targets to Watch 馃幆
1. First Target - 0.008327 USDT
This level is just under the resistance zone and could act as an immediate price ceiling. If the bulls continue to push, this target could serve as a point for breakout or potential consolidation. Monitor for confirmation of bullish volume to sustain momentum through this level.
2. Second Target - 0.00850 - 0.00860 USDT
If the price breaks through the immediate resistance at 0.008327, the next logical price zone for a continuation is around 0.00850 to 0.00860. This is a more psychological price level and aligns with previous highs. A clean breakout above this level would signal strong bullish sentiment, potentially driving further upside.
3. Third Target - 0.00900 USDT
A further extension of the current rally could push TURBO/USDT toward 0.00900. This level could act as a major target for profit-taking or a potential reversal. Watching for bearish divergence or a reduction in volume as the price approaches this zone is crucial for identifying potential trend exhaustion.
Market Conditions:
Volume: 4.28B TURBO traded in the last 24 hours, indicating solid market participation and investor interest.
Trend: With a strong bullish move of +15.09%, the momentum appears to be on the upside for now, but it's essential to monitor price action near key resistance levels.
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