Technical Analysis on Square (SQ) - Binance
🚀 Square (SQ) Price Analysis 🚀
Square (SQ) has been on an impressive rally, showing a 21.76% increase over the past 24 hours. As the DeFi sector continues to attract attention, Square is positioning itself as a notable asset. Here’s a technical breakdown of the current price action and potential targets:
🔍 Current Price: $0.04130 (+21.76%)
📊 24h High: $0.04130
📉 24h Low: $0.03352
💰 24h Volume (DF): 64.90M DF
💵 24h Volume (USDT): 2.40M USDT
Key Technical Indicators:
SAR (Stop and Reverse): At 0.03126, the trend reversal point shows a strong bullish sentiment as price moves well above this level.
Recent Price Levels: The price has surged through key resistance levels, reaching the 24-hour high of $0.04130.
Target Levels 🎯:
1. Target 1: $0.04194
This level is seen as the next immediate resistance. A break above could lead to further bullish momentum.
2. Target 2: $0.03711
This level is crucial for potential support. If the price consolidates here, it could provide a solid base before continuing its upward trajectory.
3. Target 3: $0.03227
The next level of support could be at $0.03227. A pullback to this area would still maintain the bullish outlook, but caution is advised if price action begins to weaken below this point.