💯$AERGO /USDT Technical Analysis:💯

Current Price: $0.1365 (-13.33%)

24h High: $0.1827

24h Low: $0.1311

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Key Observations:

1. Support Level: The price is nearing the $0.1311 zone, which acted as the 24-hour low. This could serve as a short-term support level.

2. Resistance Level: $0.1827 is the immediate resistance, reflecting the 24-hour high. A breakout above this level may signal a bullish trend.

3. Volume Insights:

High trading activity with 224.76M $AERGO

traded in 24 hours.

$34.89M USDT in volume indicates strong market interest.

1-Hour Chart Insights:

Price is consolidating around $0.1365, suggesting indecision in the market.

A break below $0.1311 could trigger further downside, while a reclaim of $0.1500 may attract bullish momentum.

Potential Scenarios:

Bullish: Watch for increased buying pressure to push the price toward $0.1500 and beyond.

Bearish: If the price falls below $0.1311, the next support level could be tested.

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