Technical Analysis: $FXS

/USDT 🚀

Current Price: $3.245 (+28.31%)

24H High: $3.724 | 24H Low: $2.386

FXS/USDT is showing bullish momentum, driven by strong volume and interest in liquid staking solutions. Let’s dive into the analysis and explore 3 potential targets:

🎯 Target 1: $3.50

This level marks a key short-term resistance, aligning with recent consolidation. If volume sustains, FXS could test this level in the next session.

🎯 Target 2: $3.80

A breakout beyond $3.50 may push the price towards $3.80, last seen during high trading activity. Watch for increasing buying pressure to confirm the move.

🎯 Target 3: $4.00

A psychological resistance zone, $4.00 could be tested if market sentiment remains positive. This target depends on maintaining the 24-hour upward trend.

Technical Indicators:

Support Level: $3.20

Resistance Levels: $3.50, $3.80, $4.00

Volume Surge: 16.22M FXS traded, signaling strong market interest.

Strategy

Monitor the $3.20 support for stability and look for breakout confirmations at $3.50. Stay updated on trading volume to gauge momentum.

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