The $IQ /USDT pair is showing positive momentum with a +7.82% increase, currently trading at $0.007943. Key metrics to note:
24H High: $0.008072
24H Low: $0.007088
EMA(7): 0.007791
EMA(25): 0.007606
Observations:
The price has broken above both EMA(7) and EMA(25), indicating a potential continuation of bullish momentum. However, minor resistance is forming near $0.008072, which aligns with the 24-hour high. Support is observed near $0.0078, offering a potential re-entry zone for traders.
Next Steps:
Watch for a breakout above $0.0081 for further upside targets around $0.0082-$0.0084.
A correction may find support at $0.0077-$0.0076, ideal for accumulation.
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