Technical Analysis: CREAM/USDT on Binance 📊
🚀 Current Price: $19.08 (+14.18% in 24h)
The CREAM/USDT pair has seen significant upward movement, making it an interesting asset to monitor. Below, I’ll break down key levels and targets for traders considering this pair.
Key Levels to Watch:
Support: The price recently bounced off a key support level at $16.16, which marks the 24-hour low. A strong level to watch for potential buying opportunities.
Resistance: The price is approaching $19.11, the 24-hour high, indicating that resistance might be encountered here. A breakout above this level could signal a continuation of the uptrend.
Target Analysis 🎯:
1. Target 1: $19.26 (Immediate Resistance)
This level is just above the current price and aligns with the market depth on Binance. If CREAM pushes past $19.11, $19.26 is a key resistance point that traders should look for as a short-term target.
2. Target 2: $20.00 (Psychological Resistance)
Once CREAM breaks above $19.26, we could see momentum pushing toward the psychological $20.00 mark. This round figure often attracts more buyers, making it a strong psychological resistance level.
3. Target 3: $22.00 (Extended Bullish Target)
Looking further ahead, a breakout above $20.00 could send CREAM toward the $22.00 region. This target would represent a significant continuation of the bullish trend and could attract larger institutional buying.
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