Technical Analysis for $SNT
/USDT
Current Price: 0.04895 USDT
24h Change: +2.86%
24h High: 0.04903 USDT
24h Low: 0.04645 USDT
Support & Resistance Levels:
Support: 0.04645 USDT (near the 24h low)
Resistance: 0.04903 USDT (near the 24h high)
Key Indicators:
RSI: Neutral (between 40-60), indicating a balanced market.
MACD: Bullish momentum as the MACD line is above the signal line.
Volume: Increased buying activity with a 24h volume of 89.56M SNT, supporting upward momentum.
Trade Signal:
Buy Signal: Consider buying if the price crosses above 0.04903 USDT, confirming a breakout above resistance.
Sell Signal: Watch for a drop below 0.04645 USDT, indicating possible bearish momentum.
Target Levels:
1. Target 1 (Short-Term): 0.05050 USDT (based on breakout and continued momentum)
2. Target 2 (Mid-Term): 0.05200 USDT (further upward movement if sustained)
3. Target 3 (Long-Term): 0.05500 USDT (if bullish trend continues)
Momentum: Currently, the market shows a positive momentum with increasing price and volume. Traders should monitor the price action near resistance levels for possible breakout confirmation.
Risk Management: Set stop-loss orders below 0.04645 USDT to protect against a potential reversal.