Market Watch: LEVER/USDT Approaching Key Levels
LEVER/USDT has been on the move recently, with notable activity on both the 1-hour and 4-hour charts. The price action suggests we might be at a turning point, but caution is still advised.
1-Hour Chart
On the 1-hour chart, LEVER/USDT made a strong push out of its consolidation zone around $0.0016, climbing towards $0.0019 before hitting some resistance. The 200-period moving average is currently acting as a barrier. The RSI is sitting in the mid-50s, which reflects a balanced momentum, while the MACD is hinting at a possible bullish crossover, though the strength of this signal remains moderate.
4-Hour Chart
Looking at the 4-hour chart, LEVER/USDT has broken free from a recent downtrend and is now testing resistance near $0.0020, right around the 200-period moving average. The RSI has edged slightly above 60, suggesting a slight tilt towards bullish sentiment, which is further supported by a positive MACD crossover.
#LEVER/USDT is approaching critical levels. If it can break through the $0.0019-$0.0020 range, there could be room for further gains. However, if this resistance holds, we might see the price drop back towards the $0.0016 support level.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Cryptocurrency trading carries high risks, and itâs important to conduct your own research before making any trading decisions.
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