Technical Analysis: PROS/USDT – Bullish Momentum and Key Targets 🎯
The PROS/USDT trading pair has shown significant bullish momentum recently, surging by over 67.47% in the past 24 hours, reaching the current price of $0.8705. Let’s dive into the key technical levels and potential targets to watch in the short-term.
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Key Levels to Watch:
1. Target 1: $1.02 (24h High)
The first significant target is the recent 24h high of $1.02. This level has been tested during the rally and represents a strong resistance point. If PROS/USDT manages to break above this level, we could see further bullish continuation toward higher targets.
2. Target 2: $0.95 (Mid-Range Resistance)
A more immediate resistance level to watch is $0.95, which has acted as a psychological barrier during the past price action. If the price consolidates and breaks above this level, we might see an acceleration toward the $1.02 high.
3. Target 3: $0.80 (Support Flip)
On the downside, $0.80 is a critical support level to monitor. This zone has historically acted as a pivot point, providing buying support in earlier moves. If the price retraces here, it could offer an excellent opportunity for bulls to reload positions.
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Additional Technical Insights:
SAR Indicator (Stop and Reverse): Currently at 0.5000, the SAR indicator suggests that the market is in an uptrend. A reversal below this level could indicate a shift in momentum.
Volume Surge: The 24h volume of PROS stands at 42.18M, which highlights increased buying activity. A high volume during price increases is a strong sign of the bullish trend’s validity.
24h Range: The price has fluctuated between a low of $0.4762 and a high of $1.02. This range suggests significant volatility, and any breakout above the range could trigger more substantial price movement.
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