Technical Analysis and trading signal 🚀 🚀 for $1MBABYDOGE /USDT:🔥🔥🔥👍
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Current Price: 0.0042107 USDT (+0.57%)
24h High: 0.0044579 USDT
24h Low: 0.0041788 USDT
24h Volume (1MBABYDOGE): 10.26B
24h Volume (USDT): 44.49
Key Technical Indicators:
1. Price Action: The price has shown a slight upward momentum, reaching near the daily high. The current price is supported by strong volume, suggesting a continuation of the upward trend.
2. Support & Resistance Levels:
Support: 0.0041788 USDT (previous low)
Resistance: 0.0044579 USDT (previous high)
3. RSI: Around 60, indicating a moderate bullish momentum. Not overbought, leaving room for potential further gains.
4. MACD: Positive crossover in the MACD histogram, signaling potential bullish momentum.
Trade Signal:
Buy Signal: If the price breaks above 0.0044579 USDT, targeting the first level of resistance.
Sell Signal: Watch for a reversal if the price falls below 0.0041788 USDT. If it does, consider selling or waiting for a bounce off support.
Target Levels 🎯:
1. Target 1: 0.0045000 USDT – A minor resistance level, where a short-term profit-taking might happen.
2. Target 2: 0.0046500 USDT – A higher resistance level, ideal for traders seeking larger profits.
3. Target 3: 0.0048000 USDT – Next major resistance point in a continuation pattern