Technical Analysis on BEL/USDT – Price Action & Key Targets 🚀
The BEL/USDT pair has shown significant movement recently, up +8.84% and trading at $0.6549. Let’s dive into the technicals and explore potential price action with key targets.
Current Price: $0.6549
24h High: $0.6646
24h Low: $0.5666
Key Support & Resistance Levels
1. Support Zone:
The first critical support is at $0.5899 (SAR level), a key level to watch for potential bounce. If price action holds above this, the uptrend could continue.
2. Target 1 (Short-Term Resistance):
$0.6646 – This is the 24h High, and it could act as a short-term resistance level. A breakout above this could signal further bullish momentum.
3. Target 2 (Medium-Term Resistance):
$0.6921 – A stronger resistance around this price, seen in the order book depth. A break above this level would confirm a potential continuation towards $0.7574.
4. Target 3 (Long-Term Resistance):
$0.7574 – This is the next key resistance level, representing a major upward move if BEL/USDT breaks through previous levels of resistance.
Price Action Outlook:
With bullish momentum currently dominating, the price is testing new highs. If price holds above $0.5899, we could see an uptrend towards the $0.6646 and $0.6921 levels in the near term.
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