$WLD

/USDT Technical Analysis & Trade Signals

Current Market Overview:

Current Price: $2.35

24h High: $2.417 | 24h Low: $2.334

Price Change: +3.65%

Technical Indicators:

Moving Averages (5-period): 561,160.4

Moving Averages (10-period): 461,067.6

Market Momentum: Positive, with price showing a slight uptrend (+3.65% in 24h)

Volume: Relatively stable with 24h volume at 186.57M USDT and a recent volume spike of 537,972.5 WLD

Support & Resistance Levels:

Immediate Support: $2.334 (recent low)

Immediate Resistance: $2.417 (recent high)

Trade Momentum:

Bullish Trend: The recent upward movement in price (+3.65%) suggests a continuation of the bullish momentum.

Volume Trend: The volume is slightly increasing, indicating active participation and support for the price movement.

Trade Signals & Targets 🎯:

1. Target 1 (Short-Term): $2.40

Based on recent resistance levels, expect a retest of $2.40 with minor resistance.

2. Target 2 (Medium-Term): $2.45

If the bullish momentum continues and volume supports the uptrend, a break above $2.417 could push the price to $2.45.

3. Target 3 (Long-Term): $2.55

A sustained breakout above $2.45 would signal potential for a longer-term rally towards $2.55, especially if market conditions stay favorable.

Conclusion:

Buy Signal: Enter around $2.35 or on a retrace near $2.33.

Sell Signal: Watch for resistance around $2.45 or higher, where price may face challenges.

Stay updated with volume and price action for any potential reversal signals!

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