Binance Technical Analysis: FXS/USDT
/USDT is showing strong bullish momentum, with the price currently trading at $2.386, up 11.60% in the last 24 hours. Let’s break down the key targets based on the recent market movement:
🎯 Target 1: $2.447
This level marks the 24-hour high, indicating strong upward resistance. If FXS can break through this point, we may see continued bullish activity.
🎯 Target 2: $2.269
A key support level to watch, as this is where buyers have shown interest in accumulating FXS. If prices drop, this area could hold firm.
🎯 Target 3: $2.063
A lower support zone, but still within the recent trading range. Watch for a possible rebound if prices test this level.
Indicators:
MA(7): $2.250 (short-term support)
MA(25): $2.084 (medium-term)
RSI showing bullish strength, suggesting momentum is on the side of the bulls.
