$IQ IQ/USDT Technical Analysis – Binance
Current Market Price (CMP): 0.008592 USDT
24h Change: +14.24%
24h Volume: 1.67B IQ / 13.70M USDT
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Technical Outlook
Trend: Bullish (short-term).
Resistance Levels:
R1 (First Target): 0.008794 USDT – This level aligns with the 24h high and may act as an immediate resistance. If broken, a rally could follow.
R2 (Second Target): 0.009100 USDT – A psychological level and a potential next target based on Fibonacci extensions.
R3 (Third Target): 0.009500 USDT – A strong resistance zone and key breakout point for higher gains.
Support Levels:
S1: 0.008400 USDT – Strong support near the current market price.
S2: 0.007950 USDT – Major support level based on previous lows.
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Indicators & Insights
Moving Averages (MA):
MA(5): 141M (Bullish) – Short-term momentum suggests continued buying pressure.
MA(10): 91M – Reflects a positive trend; pullbacks may find support at MA(10).
Relative Strength Index (RSI): Above 60 – Indicates moderate bullish momentum.
Volume: Significant increase (13.7M USDT in 24h) suggests strong market interest.
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Targets 🎯
1. Target 1 (0.008794 USDT):
Achievable with current momentum. Look for a breakout above this level to confirm the trend.
2. Target 2 (0.009100 USDT):
Mid-term target based on Fibonacci levels. Requires continued volume and buying strength.
3. Target 3 (0.009500 USDT):
Long-term breakout level. Achieving this could indicate a strong rally in the coming days.
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Key Strategy:
Traders: Watch for consolidation near 0.0084-0.0086 USDT for potential entry points.
Let us know your thoughts on IQ/USDT and your trading strategies! 🚀
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